HiLo Morning Brief · Oct 20 — BTC Rebound Lacks Follow-Through (1/4)
Good morning! BTC rebounded to around 83K yesterday before pulling back and is again consolidating near the lower end of the range. Follow-through remains weak, with limited coordination among major coins and little broad-based profit opportunity.
BTC and ETH remain below the descending blue resistance lines marked on yesterday's charts, near the end of their downtrends. If they fail to break above these lines this week, prices may continue lower in search of support. A loss of key support could raise the risk of an accelerated or deeper pullback, so risk management remains important.
#HiLoMorningBrief $BTC #Bitcoin #CryptoMarket
Good morning! BTC rebounded to around 83K yesterday before pulling back and is again consolidating near the lower end of the range. Follow-through remains weak, with limited coordination among major coins and little broad-based profit opportunity.
BTC and ETH remain below the descending blue resistance lines marked on yesterday's charts, near the end of their downtrends. If they fail to break above these lines this week, prices may continue lower in search of support. A loss of key support could raise the risk of an accelerated or deeper pullback, so risk management remains important.
#HiLoMorningBrief $BTC #Bitcoin #CryptoMarket