📊 CRYPTO MARKET UPDATE — 7 Oct
🔻 Update from yesterday: Fourth rejection. Sellers are pushing it down.
🟠 BTC — $84,240
Yesterday we said: today's daily close decides it.
BTC closed at $85,507 — below $85,900 again. That's the fourth failed attempt.
The highs keep getting lower: $87,250 → $86,976 → $86,665.
Today it dropped to $83,500. Next stop is the range low at $82,700.
🔷 ETH — $2,620 🔻
Down 2.8% today — falling harder than BTC.
Lost $2,666 and dipped to $2,588. $2,600 is now the line to watch.
💵 USDT Dominance — 6.48% 🔺
Biggest jump in a week (6.38% → 6.48%). Money running back to stablecoins — risk-off.
👑 BTC Dominance — 59.6% 🔺
Slightly up. Alts are bleeding more than BTC.
🪙 Altcoins
Weaker than BTC today — ETH alone dropped almost twice as much.
📌 Bottom line:
Four rejections with lower highs every time — buyers are exhausted at the top.
Momentum has flipped to sellers.
👉 No longs until $82,700 is tested and holds. If it breaks, expect $80K.
Shorts on bounces are the higher-probability trade right now.
⚠️ NFA — manage your risk.
$BTC $ETH
🔻 Update from yesterday: Fourth rejection. Sellers are pushing it down.
🟠 BTC — $84,240
Yesterday we said: today's daily close decides it.
BTC closed at $85,507 — below $85,900 again. That's the fourth failed attempt.
The highs keep getting lower: $87,250 → $86,976 → $86,665.
Today it dropped to $83,500. Next stop is the range low at $82,700.
🔷 ETH — $2,620 🔻
Down 2.8% today — falling harder than BTC.
Lost $2,666 and dipped to $2,588. $2,600 is now the line to watch.
💵 USDT Dominance — 6.48% 🔺
Biggest jump in a week (6.38% → 6.48%). Money running back to stablecoins — risk-off.
👑 BTC Dominance — 59.6% 🔺
Slightly up. Alts are bleeding more than BTC.
🪙 Altcoins
Weaker than BTC today — ETH alone dropped almost twice as much.
📌 Bottom line:
Four rejections with lower highs every time — buyers are exhausted at the top.
Momentum has flipped to sellers.
👉 No longs until $82,700 is tested and holds. If it breaks, expect $80K.
Shorts on bounces are the higher-probability trade right now.
⚠️ NFA — manage your risk.
$BTC $ETH