2026.10.21 Morning BTC/ETH/XAU/SNDK Analysis

Overnight, before news of a potential US-Iran agreement emerged, the market surged and revived some bullish sentiment. Both sides then denied reaching an agreement, entirely in keeping with their usual pattern. But neither denied that talks are ongoing!

Then SPCX’s earnings massively beat expectations, sending its after-hours price soaring to 160+. A wave of rallies followed in storage stocks and other tech names in the US after-hours market. This may be the only stock in the past three months to lead the market higher after earnings were released. Even with strong earnings, SNDK/MU and others generally didn’t perform as well after reporting as SPCX did this time;

This aligns with what we discussed on our livestream: US stocks such as SNDK were setting up for a 1h/2h rebound on the 20th/21st;

BTC support/resistance levels: 87550/85150/81000/78425

Last night’s surge broke above 83000, giving the market some confidence and nudging the trend back toward the bulls. More twists in the US-Iran talks were expected, but as long as they’re ongoing, that’s enough to sustain market expectations!

ETH support/resistance levels: 2850/2695/2403/2345

On a pullback, just follow BTC and look for opportunities;

XAU: Went long one lot at 4150 last night—must hold. No talk of adding to the position; just stop out if there’s a high-volume breakdown. It’s either a stop-loss or a take-profit;

SPCX 2026 Q3 results: Revenue of $14.6 billion, up 161% year over year; net profit of $4.4 billion, compared with a net loss of $1.1 billion in the same period last year; adjusted EBITDA of $8.8 billion, up 306% year over year. Space business revenue was $1.8 billion, up 84% quarter over quarter and 6% year over year.

Estimated 2028 revenue could reach $1 trillion+

These are exceptionally strong revenue figures, and SPCX soared after hours;

US stocks had already entered a rebound trend, reflecting the positive sentiment that a US-Iran agreement could be reached soon. Whether a deal is ultimately reached doesn’t matter to capital markets; once the news comes out, capital will first cash in on the secondary-market move and lock in the expected gains;

Trading suggestions do not constitute any basis for investment: US stocks, gold, and crypto are inevitably set to become three major pillars going forward. When opportunities in one sector are limited, you should always compare across sectors and focus on whichever offers the best opportunity. That’s what a qualified investor does—not fixate on one asset and insist on trading it regardless of the trend!
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