📰 CRYPTO MORNING BRIEF | OCTOBER 18
Good morning, crypto traders! ☀️
📉 BTC: Trading around $81,300–$81,600, with $81,000 emerging as a key support zone.
🔹 ETH: Holding near $2,400 as the market searches for direction.
⚠️ Liquidations: Approximately $220M–$330M over 24 hours, with long positions accounting for most liquidations, according to the reported figures.
🏦 ETF Pressure: Bitcoin spot ETFs saw around $82M in net outflows on Friday, October 16, while Ethereum ETFs lost approximately $69.7M. Institutional demand remains a key factor to watch.
😐 Fear & Greed Index: Around 55 — still in the greed zone, but sentiment has cooled.
📊 Macro Pressure: Hotter-than-expected CPI and PPI data, combined with weakness in AI and technology stocks, continue to weigh on risk assets.
🔍 Key BTC Levels
Support: $81,000
Downside risk: $80,000 and below if support breaks
Resistance: $83,000–$85,000
Bullish confirmation: A strong recovery with sustained buying volume
🚀 Can a Rally Happen?
Tom Lee's view offers a potential bullish scenario if crypto and chip stocks hold their support levels and fundamentals remain intact. However, ETF outflows and inflation uncertainty mean a recovery is not guaranteed.
My view: The next major move depends on whether BTC can defend $81K. A strong hold could support a relief bounce, while a confirmed breakdown may trigger another wave of liquidations.
Trade carefully. Protect your capital and avoid excessive leverage.
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