Bitcoin dropped below $80,000 over the weekend as Middle East tensions and ETF outflows triggered liquidations of leveraged long positions. QCP Capital identifies support near $78,000 and resistance at $86,000. Glassnode data shows the cost basis range for ETF holders and treasury companies sits between $80,000 and $81,500.
Ethereum faces support at $2,150 and resistance at $2,500, with ETH ETFs recording net outflows for a fourth consecutive week totaling $220.7 million. Market attention shifts to the Fed's October 27–28 meeting, where CME FedWatch pricing implies a 9% probability of a 25-basis-point rate hike and roughly 84% odds for December. Earnings reports from Microsoft, Alphabet, and Amazon are also expected this week.
Bitcoin Falls Below $80,000 on ETF Outflows and Geopolitical Tensions; FOMC and Big Tech Earnings in Focus
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