- *Current:* *102.07 - 102.119* → *+0.16% to +0.30% UP* today - *Yesterday:* Dropped -0.27% to 101.77, now bouncing back - *Today Open:* 102.02, High: 102.40 (18-month high near) - *Trend:* Rising channel - support held at 101.80-101.90, now targeting *102.40 → 102.80 → 103.00*
*Why UP:* 1. FOMC Minutes today at 6pm GMT - Sep meeting had rate HIKE, hawkish fear 2. Safe-haven demand - Houthis attack in Aden + Middle East oil spike 3. 10-Year Treasury Yield up to *5.309% - 5.34%* - highest in months 4. US economy still strong - nonfarm payrolls weak but not recession
*USD vs Other Currencies Today:* - EUR/USD: $1.123 → *EUR DOWN -0.25%*, Dollar stronger - JPY: 158.39-158.50 → *Yen DOWN -0.19%* - GBP: $1.3244 → *Pound DOWN -0.21%* - INR: ₹96.45 vs USD → *Rupee DOWN 10 paise*, continuous outflow - USD strongest vs JPY +0.78% this week
*Effect on Crypto/Gold:* - Dollar UP = Bitcoin DOWN today (BTC $83,312, -2.68%) - Gold also flat/weak at $4,163 because stronger dollar = gold expensive
*Signal:* Dollar in *short-term uptrend* till Fed minutes. If Fed sounds dovish = Dollar will drop quickly to 101.50. If hawkish = Dollar pushes to 103.
Wait for 6pm FOMC minutes - don't trade big before that.
#ETH *TODAY CRASH - Oct 7 Market Update* *1. BITCOIN (BTC)* - Price: *$83,312.01* down -2.68% today - High/Low: $85,682 / $82,787 - broke below $84k support - Market Cap: $1.72T - Reason: Triple rejection at $87,000 + $89.9M ETF outflows + $546M long liquidations f722
*Signal:* - *Bearish short-term.* Lost 20-day MA. If $83,000 fails, next is $80,000 - $80,278 (50-day MA) - *Buy Zone:* $80k - $81.5k for bounce - *Resistance to reclaim:* $85,500 then $87,300
*2. ETHEREUM (ETH)* - Price: *$2,556.84* down -5.19% - Opened $2,697, crashed to $2,553 - biggest dump today - Liquidations: $232.67M in 24h, 95% longs wiped - 24h Volume: $18.5B - very high sell volume 5c95f27d
*Signal:* - *Oversold bounce coming.* Hourly RSI ∼27, daily RSI 34.2. Testing 50-day SMA $2,546 - *Support:* $2,550 (now), then $2,357 - *Resistance:* $2,620 - $2,700 - *Action:* Wait for reclaim of $2,620 before long. Short-term scalp long at $2,550 with tight SL $2,500
*Overall:* Fed minutes today + rising Treasury yields (10Y at 5.34%) are killing risk. This is liquidation flush, not trend reversal. Stair-step uptrend still intact if BTC holds $83k. Today Updated.