đ Evening Market Recap - Oct 16, 2026 | Recovery Mode ON
Bitcoin and Ethereum just showed why you never panic sell.
After a brutal sell-off yesterday triggered by hot US CPI data (BTC dipped below $79,800 with âŒ$1B liquidations), both majors are recovering strongly today:
$BTC: âŒ$82,700 (+1.3% 24h) - Bounced from $81,600 low, now fighting to hold $82K
$ETH: âŒ$2,482 (+3.5% 24h) - Rebounded from $2,315 low, now above $2,444
Key Levels:
BTC Support: $80K / $79,800 | Resistance: $87,400
ETH Support: $2,400 / $2,315 | Resistance: $2,493 (50 EMA) / $2,600
Altcoins are waking up too - Celestia +16%, Injective +7.7%. Altcoin Season Index jumped to 60.
My take: The dip was macro-driven, not structural. Fed rate hike odds dropped to 15%. As long as BTC holds $80K, this looks like a healthy reset before next leg up. Patience pays.
What are you buying on this dip? đ
$BTC $ETH #Write2Earn #Crypto #Bitcoin #Ethereum #BTC #ETH #CryptoNews #Trading
Bitcoin and Ethereum just showed why you never panic sell.
After a brutal sell-off yesterday triggered by hot US CPI data (BTC dipped below $79,800 with âŒ$1B liquidations), both majors are recovering strongly today:
$BTC: âŒ$82,700 (+1.3% 24h) - Bounced from $81,600 low, now fighting to hold $82K
$ETH: âŒ$2,482 (+3.5% 24h) - Rebounded from $2,315 low, now above $2,444
Key Levels:
BTC Support: $80K / $79,800 | Resistance: $87,400
ETH Support: $2,400 / $2,315 | Resistance: $2,493 (50 EMA) / $2,600
Altcoins are waking up too - Celestia +16%, Injective +7.7%. Altcoin Season Index jumped to 60.
My take: The dip was macro-driven, not structural. Fed rate hike odds dropped to 15%. As long as BTC holds $80K, this looks like a healthy reset before next leg up. Patience pays.
What are you buying on this dip? đ
$BTC $ETH #Write2Earn #Crypto #Bitcoin #Ethereum #BTC #ETH #CryptoNews #Trading