Published 1 Nov 2026, 16:05 UTC · fetched 1 Nov 2026, 16:22 UTC
Rekt Capital
@rektcapital
Quoting · 30 Oct 2026, 11:41 UTC · context given to the AI
#BTC Bitcoin has failed the retest of ~$82500 which was anticipated as retests here tend to be messy Bitcoin has since dropped across the blue-blue Monthly Range, almost cancelling out September upside in its entirety and in doing so falling into April/May 2026 highs The Monthly Candle Close is just around the corner and so it's worth considering the potential implications of the close relative to key levels Monthly Close above ~$76300 would mean price would maintain Monthly market structure and keep the range And by keeping the Range, there could still be scope for downside wicking below ~$76300 in November, for example But Monthly Close below ~$76300 and this Range could to experience breakdown No need to jump to conclusions about these Monthly levels just yet but it's worth thinking ahead Let's await confirmation in what the final Monthly Close offers and take it from there $BTC #Bitcoin#BTC The new Bitcoin Monthly Close is in Key takeaways are: - Bitcoin has failed its post breakout retest of $82500 (blue Range High) - However, Bitcoin has Monthly Closed above the Range Low of ~$76300 to preserve the Monthly Range - The October Monthly Close is closer to a Bearish Engulfing Candle as it engulfs the entire body of the September candle - September Candle Lows have been lost as support and thus could act as resistance on any upcoming bounce - The September Candle produced upside to ~$87k and any lesser rebound that that in November could be a sign of weakening support at the Range Low of ~$76300 $BTC #BitcoinView original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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