$BTC
has bounced back towards $83K after dipping close to $80K earlier this week. But I'm not convinced that one recovery is enough to call a trend reversal.
Here's what I'm watching đ
1ïžâŁ The $83Kâ$83.5K zone
If BTC can break above this area and hold, it could strengthen the short-term bullish case. If it gets rejected, another pullback is possible.
2ïžâŁ ETF flows are worth watching
US spot Bitcoin ETFs recorded $21.1M in net inflows on October 9. That's encouraging, but the broader week's flows were still negative. So institutional demand hasn't clearly turned bullish yet. <Cite refs={["turn129669search1","turn129669search0"]}/>
3ïžâŁ Don't ignore the bigger picture
Interest rates, the US dollar and global uncertainty can still put pressure on crypto. Price action doesn't happen in isolation.
My take: I'm watching two things â whether BTC holds the $80Kâ$81K area, and whether buyers can push it convincingly above $83.5K.
Until then, I'd treat this as a recovery attempt, not a confirmed breakout.
What are you watching right now â $80K support or $83.5K resistance? đ
#BTC #CryptoAnalysis" #BinanceSquare
has bounced back towards $83K after dipping close to $80K earlier this week. But I'm not convinced that one recovery is enough to call a trend reversal.
Here's what I'm watching đ
1ïžâŁ The $83Kâ$83.5K zone
If BTC can break above this area and hold, it could strengthen the short-term bullish case. If it gets rejected, another pullback is possible.
2ïžâŁ ETF flows are worth watching
US spot Bitcoin ETFs recorded $21.1M in net inflows on October 9. That's encouraging, but the broader week's flows were still negative. So institutional demand hasn't clearly turned bullish yet. <Cite refs={["turn129669search1","turn129669search0"]}/>
3ïžâŁ Don't ignore the bigger picture
Interest rates, the US dollar and global uncertainty can still put pressure on crypto. Price action doesn't happen in isolation.
My take: I'm watching two things â whether BTC holds the $80Kâ$81K area, and whether buyers can push it convincingly above $83.5K.
Until then, I'd treat this as a recovery attempt, not a confirmed breakout.
What are you watching right now â $80K support or $83.5K resistance? đ
#BTC #CryptoAnalysis" #BinanceSquare