$BTC /USD: $82,580 (+0.9% 24h)
*The Setup:* Pure consolidation. Bitcoin is stuck between support and resistance after last week's equity sell-off.
- *Support:* $81,750 (Ichimoku Kijun / weekend low). Buyers defended $80k zone all weekend. Breakdown below opens $80k then $75k.
- *Resistance:* $83,700 - $84,500. Also 20-day SMA at $83,358 sitting just above price. A close above $84,500 would target $87k-$90k.
- *Momentum:* Completely neutral. RSI 52, Fear & Greed 45/100 (Neutral), MACD flat. Price is above 50-day SMA $81,322 and 200-day $72,425, so medium-term structure still bullish.
- *Flow Story:* Mixed. ETFs lost ∼$1B in 2 weeks signaling softer institutional demand, but whale wallets (10-10k BTC) added ∼86k BTC since mid-September. Long/short ratio is 0.99 - perfectly balanced. ab288217fed4927f
*What to watch:* Fed meeting Oct 27-28 is the next major catalyst. Until then, expect range-bound chop between $81,750 - $84,500 with liquidity grabs on both sides. ab28
_Not financial advice._
#BankOfRussiaSaysSelfCustodyBanStartsJuly2027 #CFTCAdvancesVoluntaryRegCAMFramework #JapanFSAPublishesOnChainFinanceForumMinutes #ElSalvadorBitcoinHoldingsSurpass7800BTC #GrayscaleAndRepublicLaunchThreeCryptoFunds
*The Setup:* Pure consolidation. Bitcoin is stuck between support and resistance after last week's equity sell-off.
- *Support:* $81,750 (Ichimoku Kijun / weekend low). Buyers defended $80k zone all weekend. Breakdown below opens $80k then $75k.
- *Resistance:* $83,700 - $84,500. Also 20-day SMA at $83,358 sitting just above price. A close above $84,500 would target $87k-$90k.
- *Momentum:* Completely neutral. RSI 52, Fear & Greed 45/100 (Neutral), MACD flat. Price is above 50-day SMA $81,322 and 200-day $72,425, so medium-term structure still bullish.
- *Flow Story:* Mixed. ETFs lost ∼$1B in 2 weeks signaling softer institutional demand, but whale wallets (10-10k BTC) added ∼86k BTC since mid-September. Long/short ratio is 0.99 - perfectly balanced. ab288217fed4927f
*What to watch:* Fed meeting Oct 27-28 is the next major catalyst. Until then, expect range-bound chop between $81,750 - $84,500 with liquidity grabs on both sides. ab28
_Not financial advice._
#BankOfRussiaSaysSelfCustodyBanStartsJuly2027 #CFTCAdvancesVoluntaryRegCAMFramework #JapanFSAPublishesOnChainFinanceForumMinutes #ElSalvadorBitcoinHoldingsSurpass7800BTC #GrayscaleAndRepublicLaunchThreeCryptoFunds