[Retail investors are still bearish, while smart money has already started moving]
To be honest, there are quite a lot of people who are bearish on BTC right now. In just 7 days it rose by 1 percentage point, and over the past 24 hours it’s still down by almost 1%. Trading volume is also sluggish and not picking up. Many people think, “Isn’t this just a lousy market?”
But let me tell you—they’re wrong again.
BTC has pulled back from its peak by about 33%, and it’s currently hovering around 85,000. The U.S. just released employment data: September saw only 29,000 new jobs, and the unemployment rate jumped to 4.2%, while bond yields dropped in response. So what about BTC? It directly touched $87,000.
The business logic here is actually pretty simple: weak employment = the Fed may loosen = the dollar weakens = hard assets benefit. This leg of the BTC rally isn’t driven by sentiment—it’s driven by those expectations.
What about China? Here, the domestic “stabilize growth” policies are being rolled out continuously. In A-shares, sectors like new energy and technology are already moving. In crypto, BTC’s market cap share is still holding at 58.7%, which suggests funds are still concentrating into BTC. The sentiment index is 67—slightly cooler than last week, but still in the greed zone.
Let’s get into the practical details—
BTC support is at 82,200, and resistance is at 87,200. In the short term, it’s just consolidating within this range. Low volume means the market is waiting, looking for direction. At times like this, it’s not technical analysis that matters most—it’s whether you’ve judged the bigger trend.
Weak U.S. employment will keep unfolding, and China’s stabilizing-growth efforts are also on the way. The two lines will eventually resonate at some point. If you wait until it has “confirmed” before taking action, you’ll be too late.
What do you think about this? Does weak U.S. employment data affect capital outflows from China? Can BTC seize the opportunity to run again? Come on—let’s talk about your take.
To be honest, there are quite a lot of people who are bearish on BTC right now. In just 7 days it rose by 1 percentage point, and over the past 24 hours it’s still down by almost 1%. Trading volume is also sluggish and not picking up. Many people think, “Isn’t this just a lousy market?”
But let me tell you—they’re wrong again.
BTC has pulled back from its peak by about 33%, and it’s currently hovering around 85,000. The U.S. just released employment data: September saw only 29,000 new jobs, and the unemployment rate jumped to 4.2%, while bond yields dropped in response. So what about BTC? It directly touched $87,000.
The business logic here is actually pretty simple: weak employment = the Fed may loosen = the dollar weakens = hard assets benefit. This leg of the BTC rally isn’t driven by sentiment—it’s driven by those expectations.
What about China? Here, the domestic “stabilize growth” policies are being rolled out continuously. In A-shares, sectors like new energy and technology are already moving. In crypto, BTC’s market cap share is still holding at 58.7%, which suggests funds are still concentrating into BTC. The sentiment index is 67—slightly cooler than last week, but still in the greed zone.
Let’s get into the practical details—
BTC support is at 82,200, and resistance is at 87,200. In the short term, it’s just consolidating within this range. Low volume means the market is waiting, looking for direction. At times like this, it’s not technical analysis that matters most—it’s whether you’ve judged the bigger trend.
Weak U.S. employment will keep unfolding, and China’s stabilizing-growth efforts are also on the way. The two lines will eventually resonate at some point. If you wait until it has “confirmed” before taking action, you’ll be too late.
What do you think about this? Does weak U.S. employment data affect capital outflows from China? Can BTC seize the opportunity to run again? Come on—let’s talk about your take.