Bitcoin and crypto trading strategy: taking profits now
Bitcoin is cooling off in a tight range after its recent run, which is mildly negative short term but still fits a bigger bullish trend that traders expect to resume this month.
- Bitcoin keeps bouncing between support in the low $80Ks and resistance in the mid-to-upper $80Ks, with no crash in sight.
- Crypto is tracking the US stock market closely, and the Nasdaq 100 is holding up better than the S&P 500 — a good sign for coins.
- A warning signal on the daily charts (price making higher highs while momentum fades) has been flagging this pause for about a week and a half across Bitcoin, Ethereum, XRP, and Solana.
- Ethereum is stuck just under $2.80, Solana just under $120, and Chainlink is leaning on support just above $14.
- Short bets against Solana are being trimmed and partly cashed in, with a switch toward buying for the next leg up being considered.
Outlook: A few more days of sideways chop is likely, with another run at the highs and a possible breakout expected later this month.
## Bitcoin Levels
- **Bias:** Bullish longer term, neutral-to-cooling over the next few days.
- **Buy / accumulate:** $80,000–$82,000 support zone; the $82.3K–$82.4K liquidity dip is a likely entry area.
- **Sell / take profit:** $86,000–$88,000 resistance zone.
- **Support:** $80,000–$82,000 (3-day), ~$81,000 (4-hour).
- **Resistance:** $86,000–$88,000, with $86,000–$87,000 the near-term cap.
- **Targets:** Downside $82,300–$82,400 liquidity grab; upside a breakout above $88,000 later in October.