$BTC Price now:* ∼$81,275, up ∼1.5% in 24h. Bounced from $79,500 low on Tuesday after dipping below $80k
- *Big picture this month:* BTC is down ∼4.2% in October, on track for weakest October in 6 years. Normally October averages +18%
- *What's driving today:*
- Rebound in AI/tech stocks (Nasdaq futures +0.5%, +6.6%)
- Spot BTC ETFs saw $176M inflow yesterday - second day of inflows
- But US demand still weak - Coinbase Premium negative all October
- *Key levels market is watching:*
- Support: $79,500 - $80,000
- Resistance: $81,200 - $81,950 (20-day & 50-day MA cluster)
- 200-day MA far below at ∼$73,000
- *Today's catalyst:* Fed rate decision at 18:00 UTC. Market expects hold at 3.75-4.00%, but watching Fed Chair's comments about a possible December hike. That will decide if BTC holds $80k or re-tests $79k. 8035a1c1f820
This is general market info only, not financial advice.
#CanMicrosoftDeliverOnAI #CanGoogleDefindItsCore #EarningsSeason #ThailandSupremeCourtRulesBitcoinIsProperty
- *Big picture this month:* BTC is down ∼4.2% in October, on track for weakest October in 6 years. Normally October averages +18%
- *What's driving today:*
- Rebound in AI/tech stocks (Nasdaq futures +0.5%, +6.6%)
- Spot BTC ETFs saw $176M inflow yesterday - second day of inflows
- But US demand still weak - Coinbase Premium negative all October
- *Key levels market is watching:*
- Support: $79,500 - $80,000
- Resistance: $81,200 - $81,950 (20-day & 50-day MA cluster)
- 200-day MA far below at ∼$73,000
- *Today's catalyst:* Fed rate decision at 18:00 UTC. Market expects hold at 3.75-4.00%, but watching Fed Chair's comments about a possible December hike. That will decide if BTC holds $80k or re-tests $79k. 8035a1c1f820
This is general market info only, not financial advice.
#CanMicrosoftDeliverOnAI #CanGoogleDefindItsCore #EarningsSeason #ThailandSupremeCourtRulesBitcoinIsProperty