Key Levels in Play
Major Support Zone: $98,000–$100,000 — this remains the critical shelf. Price’s bounce history + the 0.382 Fib reinforce it.
Next Support: $88,000–$90,000 — if $98K cracks, this one becomes the next target.
Resistance Zone: $110,000–$112,000 — the area where recent rallies keep stalling.
Higher Resistance: $120,000+ — longer-term stakes; if things go strongly bullish, this is the horizon.
Technical Status
Price’s mid-channel, hanging above that $98K support for now — decent, but not secure.
Momentum’s slipping: the MACD is flirting with a bearish crossover; RSI/momentum trending down but not yet oversold.
Translation: The structure is holding, but the pressure is mounting. The bulls are on watch, the bears ready.
Macro Highlights & What They Mean for Price Action
Here’s where we weld in the news so you’re trading with context instead of just levels.
The U.S. is dealing with a looming government shutdown, which is draining liquidity and creating risk-asset stress. Specifically, the crypto market could see a squeeze if broader fiscal/funding flows get disrupted.
At the same time, the Federal Reserve appears to be shifting toward easing—some commentary indicates a restart of QE in December. That can be a back-door tailwind for risk assets like Bitcoin.
Meanwhile, institutional adoption is real: ETFs, large corporate holdings, clearer regulation. That signals structural backing even if price is volatile short-term.
But — and this matters — October broke the so-called “Uptober” streak (BTC fell in October for first time since 2018) and with it a bit of psychological cushioning. That means the risk side is elevated.
DC Bias — Straight Talk
Given the charts + the macro overlays: Neutral-to-bearish for this upcoming week. Here’s why:
The support at ~$98K is critical. It’s under pressure from weakening momentum and macro/draining liquidity elements.
If that $98K zone fails, I expect a test of the $88-$90K zone (especially if macro risk hits harder) rather than a clean bounce to highs.
On the flip side: if the bulls manage to reclaim above $110K and some macro tailwinds pop (e.g., liquidity pick-up, government shutdown risk resolves), the tone shifts bullish quickly.
Until then: trade levels, manage risk, don’t assume bounce is guaranteed.
Bottom line:
Above $110K → bulls can breathe, bias shifts toward upside.
Holding $98K–$100K → sideways to mildly positive but no fireworks.
Break below $98K → high-probability move to $88K–$90K.
Macro risk stays elevated: liquidity, fiscal drag, regulatory crosswinds — keep them on your radar.
Major Support Zone: $98,000–$100,000 — this remains the critical shelf. Price’s bounce history + the 0.382 Fib reinforce it.
Next Support: $88,000–$90,000 — if $98K cracks, this one becomes the next target.
Resistance Zone: $110,000–$112,000 — the area where recent rallies keep stalling.
Higher Resistance: $120,000+ — longer-term stakes; if things go strongly bullish, this is the horizon.
Technical Status
Price’s mid-channel, hanging above that $98K support for now — decent, but not secure.
Momentum’s slipping: the MACD is flirting with a bearish crossover; RSI/momentum trending down but not yet oversold.
Translation: The structure is holding, but the pressure is mounting. The bulls are on watch, the bears ready.
Macro Highlights & What They Mean for Price Action
Here’s where we weld in the news so you’re trading with context instead of just levels.
The U.S. is dealing with a looming government shutdown, which is draining liquidity and creating risk-asset stress. Specifically, the crypto market could see a squeeze if broader fiscal/funding flows get disrupted.
At the same time, the Federal Reserve appears to be shifting toward easing—some commentary indicates a restart of QE in December. That can be a back-door tailwind for risk assets like Bitcoin.
Meanwhile, institutional adoption is real: ETFs, large corporate holdings, clearer regulation. That signals structural backing even if price is volatile short-term.
But — and this matters — October broke the so-called “Uptober” streak (BTC fell in October for first time since 2018) and with it a bit of psychological cushioning. That means the risk side is elevated.
DC Bias — Straight Talk
Given the charts + the macro overlays: Neutral-to-bearish for this upcoming week. Here’s why:
The support at ~$98K is critical. It’s under pressure from weakening momentum and macro/draining liquidity elements.
If that $98K zone fails, I expect a test of the $88-$90K zone (especially if macro risk hits harder) rather than a clean bounce to highs.
On the flip side: if the bulls manage to reclaim above $110K and some macro tailwinds pop (e.g., liquidity pick-up, government shutdown risk resolves), the tone shifts bullish quickly.
Until then: trade levels, manage risk, don’t assume bounce is guaranteed.
Bottom line:
Above $110K → bulls can breathe, bias shifts toward upside.
Holding $98K–$100K → sideways to mildly positive but no fireworks.
Break below $98K → high-probability move to $88K–$90K.
Macro risk stays elevated: liquidity, fiscal drag, regulatory crosswinds — keep them on your radar.
免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.