Crypto Digest: BTC, ETH, ZEC
After two days of scary U.S. inflation data, the market is catching its breath. Here's who did what 👇
🟠 BITCOIN → THE FAKE-OUT
BTC dipped to $79,709, below the October 8 low, then closed the day back at ~$82.1K. Volume was 1.45x the average, so this wasn't a sleepy bounce.
🎯 Above $82.5K → $84K is next
⚠ Close below $79.7K → the rebound is cancelled
🟣 ETHEREUM → STILL UNDER THE CLOUDS
ETH is up ~3% to ~$2,435, but it's still stuck under both its 20-day and 50-day averages, and both are pointing down. It's like trying to climb stairs on an escalator going the other way.
🎯 Needs a close above ~$2,495 to feel better
INJECTIVE → DAY OF THE WEEK
+25% to ~$9.17 on 3x normal volume, with a fresh bullish MACD crossover. Add the pending INJ ETF filings and you get why traders suddenly remembered this one.
🎯 Next stop: the $9.49 high from October 13
🛡 ZCASH → HALFWAY HOME
Zec fell ~20% from $1,348 to $1,074 in three days, then bounced ~9% to ~$1,205. It won back about half the drop.
🎯 Above ~$1,250 → the bounce becomes a recovery
$BTC
$ZEC
$ETH
After two days of scary U.S. inflation data, the market is catching its breath. Here's who did what 👇
🟠 BITCOIN → THE FAKE-OUT
BTC dipped to $79,709, below the October 8 low, then closed the day back at ~$82.1K. Volume was 1.45x the average, so this wasn't a sleepy bounce.
🎯 Above $82.5K → $84K is next
⚠ Close below $79.7K → the rebound is cancelled
🟣 ETHEREUM → STILL UNDER THE CLOUDS
ETH is up ~3% to ~$2,435, but it's still stuck under both its 20-day and 50-day averages, and both are pointing down. It's like trying to climb stairs on an escalator going the other way.
🎯 Needs a close above ~$2,495 to feel better
INJECTIVE → DAY OF THE WEEK
+25% to ~$9.17 on 3x normal volume, with a fresh bullish MACD crossover. Add the pending INJ ETF filings and you get why traders suddenly remembered this one.
🎯 Next stop: the $9.49 high from October 13
🛡 ZCASH → HALFWAY HOME
Zec fell ~20% from $1,348 to $1,074 in three days, then bounced ~9% to ~$1,205. It won back about half the drop.
🎯 Above ~$1,250 → the bounce becomes a recovery
$BTC
$ZEC
$ETH