$BTC UPDATE ๐จCPI &PPI DATA OUTโผ๏ธ What's NEXT
Let's Discuss in Detail ๐จ
BTC swept liquidity around $79โ80K, reclaimed the level beautifully and gave a strong move back toward $82K+.
Support around 80k is really strong now ๐
BTC from here is expected to give a pullback and then it will pump again
Pullback is expected towards 81,300-80,800
A deeper test toward 80,000 is still completely fine as long as buyers defend it.
Thatโs where Iโll be interested in adding spot BTC again. If BTC comes back around $80โ81K, a low-leverage long also becomes interesting, with protection around $78.5K.
Targets ๐ฏ
TP1: 82,400
TP2: 84,000
TP3: 87,000$ETH ,$SOL
and $XRP should likely behave similarly short-term retracement first, then continuation if BTC keeps $80K intact.
If we talk about Fundamentals CPI was released yesterday, and todayโs U.S. PPI came in much hotter than expected, which can keep volatility high and revive rate-hike fears. At the same time, Fed commentary has reduced expectations of an immediate October hike.
So our plan is clear now
We won't chase green candles now .We will Wait for slight pullback and then accumulate the dipAnd for anyone who genuinely feels Panda Traders has helped them at some point through a signal, a class, an analysis, a warning, or even just helping you understand the market a little better this is one of those moments where your support would mean a lot.
Panda Traders โ Community Influencer of the Year ๐ผ๐
Nominate for Community Influencer of the Year
Let's Discuss in Detail ๐จ
BTC swept liquidity around $79โ80K, reclaimed the level beautifully and gave a strong move back toward $82K+.
Support around 80k is really strong now ๐
BTC from here is expected to give a pullback and then it will pump again
Pullback is expected towards 81,300-80,800
A deeper test toward 80,000 is still completely fine as long as buyers defend it.
Thatโs where Iโll be interested in adding spot BTC again. If BTC comes back around $80โ81K, a low-leverage long also becomes interesting, with protection around $78.5K.
Targets ๐ฏ
TP1: 82,400
TP2: 84,000
TP3: 87,000$ETH ,$SOL
and $XRP should likely behave similarly short-term retracement first, then continuation if BTC keeps $80K intact.
If we talk about Fundamentals CPI was released yesterday, and todayโs U.S. PPI came in much hotter than expected, which can keep volatility high and revive rate-hike fears. At the same time, Fed commentary has reduced expectations of an immediate October hike.
So our plan is clear now
We won't chase green candles now .We will Wait for slight pullback and then accumulate the dipAnd for anyone who genuinely feels Panda Traders has helped them at some point through a signal, a class, an analysis, a warning, or even just helping you understand the market a little better this is one of those moments where your support would mean a lot.
Panda Traders โ Community Influencer of the Year ๐ผ๐
Nominate for Community Influencer of the Year