🚨 BITCOIN (BTC) UPDATE — 7 OCT 2026 🚨
BTC faced multiple rejections around $87K–$87.5K and is now trading near the $83K–$84K zone.
📉 WHY THE WEAKNESS?
• Failure to reclaim $87K
• Heavy long liquidations
• Strong USD & Treasury yields
• Traders awaiting key macro/Fed signals
💰 ETF UPDATE
U.S. Spot Bitcoin ETFs recorded around $118.9M net inflows on Oct 6, while BlackRock IBIT saw approximately $122M inflows.
📊 KEY LEVELS
🔴 Resistance: $86.2K
🔴 Strong Resistance: $87.3K–$87.6K
🚀 Breakout: $87.6K+
🎯 Target: $90K+
🟢 Support: $82.5K
⚠️ Warning: $82K
🛡️ Major Support: $79K–$80K
🔥 BULLISH SCENARIO: Reclaim $86.2K and break $87.6K → $90K becomes possible.
⚠️ BEARISH SCENARIO: Lose $82K → $80K could be tested. Sustained weakness below $80K may trigger deeper correction.
🧠 MY VIEW: BTC remains volatile below resistance. Bulls need to reclaim **$86K–$87.6K
BTC faced multiple rejections around $87K–$87.5K and is now trading near the $83K–$84K zone.
📉 WHY THE WEAKNESS?
• Failure to reclaim $87K
• Heavy long liquidations
• Strong USD & Treasury yields
• Traders awaiting key macro/Fed signals
💰 ETF UPDATE
U.S. Spot Bitcoin ETFs recorded around $118.9M net inflows on Oct 6, while BlackRock IBIT saw approximately $122M inflows.
📊 KEY LEVELS
🔴 Resistance: $86.2K
🔴 Strong Resistance: $87.3K–$87.6K
🚀 Breakout: $87.6K+
🎯 Target: $90K+
🟢 Support: $82.5K
⚠️ Warning: $82K
🛡️ Major Support: $79K–$80K
🔥 BULLISH SCENARIO: Reclaim $86.2K and break $87.6K → $90K becomes possible.
⚠️ BEARISH SCENARIO: Lose $82K → $80K could be tested. Sustained weakness below $80K may trigger deeper correction.
🧠 MY VIEW: BTC remains volatile below resistance. Bulls need to reclaim **$86K–$87.6K
