đ CRYPTO MARKET UPDATE â 7 Oct
đ» Update from yesterday: Fourth rejection. Sellers are pushing it down.
đ BTC â $84,240
Yesterday we said: today's daily close decides it.
BTC closed at $85,507 â below $85,900 again. That's the fourth failed attempt.
The highs keep getting lower: $87,250 â $86,976 â $86,665.
Today it dropped to $83,500. Next stop is the range low at $82,700.
đ· ETH â $2,620 đ»
Down 2.8% today â falling harder than BTC.
Lost $2,666 and dipped to $2,588. $2,600 is now the line to watch.
đ” USDT Dominance â 6.48% đș
Biggest jump in a week (6.38% â 6.48%). Money running back to stablecoins â risk-off.
đ BTC Dominance â 59.6% đș
Slightly up. Alts are bleeding more than BTC.
đȘ Altcoins
Weaker than BTC today â ETH alone dropped almost twice as much.
đ Bottom line:
Four rejections with lower highs every time â buyers are exhausted at the top.
Momentum has flipped to sellers.
đ No longs until $82,700 is tested and holds. If it breaks, expect $80K.
Shorts on bounces are the higher-probability trade right now.
â ïž NFA â manage your risk.
$BTC $ETH
đ» Update from yesterday: Fourth rejection. Sellers are pushing it down.
đ BTC â $84,240
Yesterday we said: today's daily close decides it.
BTC closed at $85,507 â below $85,900 again. That's the fourth failed attempt.
The highs keep getting lower: $87,250 â $86,976 â $86,665.
Today it dropped to $83,500. Next stop is the range low at $82,700.
đ· ETH â $2,620 đ»
Down 2.8% today â falling harder than BTC.
Lost $2,666 and dipped to $2,588. $2,600 is now the line to watch.
đ” USDT Dominance â 6.48% đș
Biggest jump in a week (6.38% â 6.48%). Money running back to stablecoins â risk-off.
đ BTC Dominance â 59.6% đș
Slightly up. Alts are bleeding more than BTC.
đȘ Altcoins
Weaker than BTC today â ETH alone dropped almost twice as much.
đ Bottom line:
Four rejections with lower highs every time â buyers are exhausted at the top.
Momentum has flipped to sellers.
đ No longs until $82,700 is tested and holds. If it breaks, expect $80K.
Shorts on bounces are the higher-probability trade right now.
â ïž NFA â manage your risk.
$BTC $ETH