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<p>#BTC Market Analysis 10/27

I clearly stated two days ago that a direct rally here was unlikely—and indeed, after a brief rebound, price dropped sharply. The hourly chart has formed a double top, though it fell short of 82,000, peaking at only 81,800.

The previous low at 79,178 cannot serve as a starting point for an upward move; it will be broken below.  
The red trendline is a must-break level with no support—it will be breached.

The key support below, visible on the daily chart, is the bullish OB zone at 77,100–74,800.</p>

#BTC Market Analysis 10/27
I clearly stated two days ago that a direct rally here was unlikely—and indeed, after a brief rebound, price dropped sharply. The hourly chart has formed a double top, though it fell short of 82,000, peaking at only 81,800.
The previous low at 79,178 cannot serve as a starting point for an upward move; it will be broken below.  
The red trendline is a must-break level with no support—it will be breached.
The key support below, visible on the daily chart, is the bullish

#BTC Market Analysis 10/27 I clearly stated two days ago that a direct rally here was unlikely—and indeed, after a brief rebound, price dropped sharply. The hourly chart has formed a double top, though it fell short of 82,000, peaking at only 81,800. The previous low at 79,178 cannot serve as a starting point for an upward move; it will be broken below. The red trendline is a must-break level with no support—it will be breached. The key support below, visible on the daily chart, is the bullish OB zone at 77,100–74,800.

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