BNB break the $600 resistance and continued the rally. BNB is now heading towards the all-time high resistance of $675-$690 area. We may see some profit booking near all-time high price. BNB need to break and hold above $700 to continue this run towards $800-$850 area. Increase your stop loss near $600 support.

ETH is now heading towards the $5000 milestone. ETH is respecting the support levels and bounce from there. We may see some profit booking near $5000 levels. If ETH hold above $5000 then we see a quick rally towards $5500-$6000 area.

new ฿ all time high: $67,803
new Ξ all time high: $4,824

The total marketcap of altcoins is slowing picking the pace after the breakout. We will see slow upward movement in altcoin marketcap. Altcoins will give good rally once BTC stable in a range after this rally. Although altcoin marketcap is bullish and you can fill your bags in dips.

Bitcoin is now holding above the support and also retest. The wicks showing price rejection and buyers aggressiveness at these levels. If BTC holds above this support then we see a test of $67,000 soon. Bitcoin taproot upgrade is going to implement on block height of 709,632 which is expected on 14 November. This is a major upgrade and we will see impact on price because of this.

Long-term holders buy BTC into weakness and sell into strength.

We've just gotten our first red prints on LTH net position change in over 6 months, showing bull market distribution has begun.

Bitcoin realised cap has resumed an uptrend and reached an ATH of $450B, as coins are distributed and revalued higher

Bitcoin Options markets currently have over $12.6Billion in open interest, near all-time-highs.

This level of Option OI has been sustained for around 1 month, and is similar to the highs during March and April.

The total crypto marketcap is bouncing from the major support of $2.5 trillion area. The total crypto market is bullish as long as it holds above this major support level. The major resistance is $3 trillion and a breakout above this will give a good rally in whole crypto market. The next lower support is $2.25 trillion.

The total marketcap of altcoins are now at the major support area. Altcoin marketcap is holding the support area and accumulation is going on. You can add some good coins in your portfolio near support area. The resistance is $1.7-$1.75 trillion area and after a break of this we will a rally towards $2 trillion area. The next support is $1.2-$1.25 trillion area.

US Dollar Index (DXY) Update:

DXY breaks the resistance of 94.7 level and give a good rally. This is the reason behind BTC downtrend. The lower support for DXY is 95.5 and major support is 94.7 area. We will see a test of lower support in coming weeks. The resistance is 97.7 and 99.3 area. The local resistance is 96.8 and we may see downward movement after touching it.

Bitcoin and crypto market gives good rally when DXY test the lower support area. Keep an eye on DXY reversal.

Ethereum max pain price $4,100, $1.24 billion notional value, put/call ratio 0.53

These news crashed the market

$AVAX

bids on 80-85$ if we get there

Digital asset investment products saw inflows totalling $306m last week, bringing month-to-date inflows to $787m and year-to-date inflows to a record US$9.5bn

#BTC is following #SPX

Bitmex insurance fund is now worth $2.15 billion

Bitcoin currently sits in one of the largest realised value clusters. Over 2.208m $BTC have last moved on-chain between $55k and $60k

Celsius Network confirms it lost money in the BadgerDAO DeFi hack — link

Market crash

More than a billion dollars liquidated. Btc tested the major liquidity (demand area) of $42,000 and quickly bounced from there. Btc needs to go above $50,000 otherwise we will see range trading for a few weeks. This dump is similar to the ones in May and June.