HiLo Morning Brief · Oct 29 — BTC and ETH Rebounds Lose Steam as 80K Support Faces Another Test (1/2)
Good morning!
In crypto, the market briefly turned higher yesterday. BTC reached around 82,000, while ETH approached 2,400, but both pulled back again this morning. Price action remains relatively weak, and the rebound lacks momentum. Our concerns about this week’s outlook therefore remain: the 80,000 level and previous lows may be tested again, and the market still needs to establish stronger support.
In the near term, watch resistance around 82,000 for BTC, with support near 79,000 and 76,000.
#HiLoMorningBrief #BTC #ETH #Bitcoin #Crypto
Good morning!
In crypto, the market briefly turned higher yesterday. BTC reached around 82,000, while ETH approached 2,400, but both pulled back again this morning. Price action remains relatively weak, and the rebound lacks momentum. Our concerns about this week’s outlook therefore remain: the 80,000 level and previous lows may be tested again, and the market still needs to establish stronger support.
In the near term, watch resistance around 82,000 for BTC, with support near 79,000 and 76,000.
#HiLoMorningBrief #BTC #ETH #Bitcoin #Crypto
