2026.10.22 Morning BTC/ETH/XAU/SNDK Analysis

The market wiped out $310 million overnight, with 83,601 people liquidated. The amount dipped slightly while the number of people rose slightly, indicating major players are pulling back and more retail traders are entering, creating a perfect liquidity swap;
First, XAU: I took a trade in XAU again last night. Whether you traded XAU the night before or last night, just follow last night's strategy;
BTC support/resistance levels: 87550/85150/81000/78425
Near the 85000 level, it accelerated downward in the morning session. With no further news on the US-Iran front, the market remained cautious and did not push on to the next key support/resistance level at 85150. Giving it some time to maintain a 1-hour trend of sideways volatility is a good thing;
ETH support/resistance levels: 2850/2695/2403/2345
Following BTC, it reached around 2525 before pulling back, which is perfectly normal. Given market expectations for BTC and ETH at these levels, that was already about right;
SPCX also pulled back after surging last night;
In short: The market has had enough of the bear market and is eager for a violent reversal, so whenever signs of hope emerge, the reaction can be intense, like the explosive single-week rallies in August and September, though they also pull back quickly; this kind of price action is precisely a sign of weak liquidity, with major players able to take what they want. Keep positions controlled and trade lightly; spot traders can take some medium-term swings, but futures traders must strictly follow their trading plans!
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