The crypto market looks ready for another drop. And that could be GOOD news — we may soon get a chance to buy $BTC $ETH at a discount. Here are the reasons I'm watching the downside:
1. $87K is still a wall
BTC has been rejected around this level multiple times. Until it breaks and holds above $87.5K, the breakout isn't confirmed.
2. ETF demand is weakening
U.S. spot Bitcoin ETFs saw around $89.9M in net outflows on October 5. Not a disaster, but definitely not ideal fuel for a rally.
3. Macro pressure remains
High Treasury yields and a stronger dollar continue to make risk assets less attractive.
🔑 Levels I'm watching
🟡 84K–83K → first potential buying zone
🔴 $82K → major support
💥 Below $82K → much more bearish
But if BTC breaks $87.5K and holds, I'll change my view. $90K could come quickly.
So I'm not chasing.
If Bitcoin gives us a discount, I'll be ready. 🕯️
🐻 More downside first?
🐂 Or straight to $90K?
Hit Like if you're waiting for the next opportunity.
#BTC☀ #BinanceSquare
1. $87K is still a wall
BTC has been rejected around this level multiple times. Until it breaks and holds above $87.5K, the breakout isn't confirmed.
2. ETF demand is weakening
U.S. spot Bitcoin ETFs saw around $89.9M in net outflows on October 5. Not a disaster, but definitely not ideal fuel for a rally.
3. Macro pressure remains
High Treasury yields and a stronger dollar continue to make risk assets less attractive.
🔑 Levels I'm watching
🟡 84K–83K → first potential buying zone
🔴 $82K → major support
💥 Below $82K → much more bearish
But if BTC breaks $87.5K and holds, I'll change my view. $90K could come quickly.
So I'm not chasing.
If Bitcoin gives us a discount, I'll be ready. 🕯️
🐻 More downside first?
🐂 Or straight to $90K?
Hit Like if you're waiting for the next opportunity.
#BTC☀ #BinanceSquare