HenryInsights
HenryInsights
10-24 09:53
BTCBTC-0.67%
ETHETH-1.26%
GOOGLGOOGL-12.86%
AMZNAMZN-4.09%
AAPLAAPL+1.45%
🚨 THE NEXT 10 DAYS COULD BE VERY VOLATILE FOR CRYPTO.
The crypto market is fighting to hold key support. Other asset classes are under pressure, inflation remains high, and oil is trading above $100, yet crypto is still holding up.
Now, look at what's coming:
• Oct 27: Israel Election
• Oct 28: FOMC Meeting
• Oct 28: Google and Meta Earnings
• Oct 29: Amazon and Apple Earnings
• Nov 03: US Midterm Elections
Any one of these events could move the market sharply in either direction.
Key levels to watch:
• Bitcoin: $80,000, then $76,000
• ETH: $2,350
• Altcoin Market Cap: $214 billion
Bitcoin has already lost its 50-day moving average. If BTC breaks below $80,000, selling pressure could increase, potentially sending the price toward $76,000.
Avoid using high leverage over the next 10 days. A single headline could change market direction in seconds.
If you're a spot buyer, start identifying the altcoins you want to accumulate and keep some cash ready. Wait for potential panic-driven opportunities.
This doesn't mean you should sell here. It means being prepared to buy more when others are fearful.
Bitcoin's broader bull trend remains intact as long as it holds the weekly 50-day moving average, currently near $76,100.
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Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
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