đš BITCOIN (BTC) UPDATE â 7 OCT 2026 đš
BTC faced multiple rejections around $87Kâ$87.5K and is now trading near the $83Kâ$84K zone.
đ WHY THE WEAKNESS?
âą Failure to reclaim $87K
âą Heavy long liquidations
âą Strong USD & Treasury yields
âą Traders awaiting key macro/Fed signals
đ° ETF UPDATE
U.S. Spot Bitcoin ETFs recorded around $118.9M net inflows on Oct 6, while BlackRock IBIT saw approximately $122M inflows.
đ KEY LEVELS
đŽ Resistance: $86.2K
đŽ Strong Resistance: $87.3Kâ$87.6K
đ Breakout: $87.6K+
đŻ Target: $90K+
đą Support: $82.5K
â ïž Warning: $82K
đĄïž Major Support: $79Kâ$80K
đ„ BULLISH SCENARIO: Reclaim $86.2K and break $87.6K â $90K becomes possible.
â ïž BEARISH SCENARIO: Lose $82K â $80K could be tested. Sustained weakness below $80K may trigger deeper correction.
đ§ MY VIEW: BTC remains volatile below resistance. Bulls need to reclaim **$86Kâ$87.6K
BTC faced multiple rejections around $87Kâ$87.5K and is now trading near the $83Kâ$84K zone.
đ WHY THE WEAKNESS?
âą Failure to reclaim $87K
âą Heavy long liquidations
âą Strong USD & Treasury yields
âą Traders awaiting key macro/Fed signals
đ° ETF UPDATE
U.S. Spot Bitcoin ETFs recorded around $118.9M net inflows on Oct 6, while BlackRock IBIT saw approximately $122M inflows.
đ KEY LEVELS
đŽ Resistance: $86.2K
đŽ Strong Resistance: $87.3Kâ$87.6K
đ Breakout: $87.6K+
đŻ Target: $90K+
đą Support: $82.5K
â ïž Warning: $82K
đĄïž Major Support: $79Kâ$80K
đ„ BULLISH SCENARIO: Reclaim $86.2K and break $87.6K â $90K becomes possible.
â ïž BEARISH SCENARIO: Lose $82K â $80K could be tested. Sustained weakness below $80K may trigger deeper correction.
đ§ MY VIEW: BTC remains volatile below resistance. Bulls need to reclaim **$86Kâ$87.6K