Rejected at $87K. Is Uptober on pause? 👀
Bitcoin ran to about $87.1K, then faded back to ~$84.6K. That flushed roughly $433M in liquidations, mostly longs.
What I'm watching:
📈 Resistance: $85.5K, then $87K. I want a clean reclaim of $87K.
🛡 Support: $83.1K first, then $82K. Losing $82K opens the door to ~$75K.
💰 ETFs: September saw $2.65B in inflows, but the price barely moved, and flows are cooling from the peak.
🏦 Macro: Oil is above $100, yields are elevated, and the Fed meets on Oct 28.
My view: Neutral. Buyers are there, but I need a daily close above $87K with ETF inflows before I turn bullish.
I'm not chasing green candles. I'm waiting for confirmation and keeping my risk small.
Are you buying this dip or waiting for $87K? 👇
#Bitcoin #BTC #Uptober
$BTC
Bitcoin ran to about $87.1K, then faded back to ~$84.6K. That flushed roughly $433M in liquidations, mostly longs.
What I'm watching:
📈 Resistance: $85.5K, then $87K. I want a clean reclaim of $87K.
🛡 Support: $83.1K first, then $82K. Losing $82K opens the door to ~$75K.
💰 ETFs: September saw $2.65B in inflows, but the price barely moved, and flows are cooling from the peak.
🏦 Macro: Oil is above $100, yields are elevated, and the Fed meets on Oct 28.
My view: Neutral. Buyers are there, but I need a daily close above $87K with ETF inflows before I turn bullish.
I'm not chasing green candles. I'm waiting for confirmation and keeping my risk small.
Are you buying this dip or waiting for $87K? 👇
#Bitcoin #BTC #Uptober
$BTC