HiLo Morning Brief · Oct 19 — BTC Holds 80K Support (1/4)
Good morning! Friday's sharp selloff in US equities pulled crypto lower over the weekend. Apart from BTC, most major coins made new lows for this correction. Prices began to stabilize early Monday, though a fresh batch of hourly lows may still appear.
BTC has tested ~80K several times this past week without extending lower, while low signals are showing up more often. The market looks to be searching for a near-term bottom.
Key levels: resistance near 83K and the descending blue trendline; support near 80K. This week's focus: can a local rebound take shape?
#HiLoMorningBrief $BTC #Bitcoin #CryptoMarket
Good morning! Friday's sharp selloff in US equities pulled crypto lower over the weekend. Apart from BTC, most major coins made new lows for this correction. Prices began to stabilize early Monday, though a fresh batch of hourly lows may still appear.
BTC has tested ~80K several times this past week without extending lower, while low signals are showing up more often. The market looks to be searching for a near-term bottom.
Key levels: resistance near 83K and the descending blue trendline; support near 80K. This week's focus: can a local rebound take shape?
#HiLoMorningBrief $BTC #Bitcoin #CryptoMarket