Bitcoin, Ethereum And XRP Flash Four-Hour Buy Signals
Bitcoin, Ethereum and XRP flashed four-hour buy signals following sharp price declines, though thin volume and macro pressures persist.
Bitcoin ($BTC), Ethereum ($ETH) and XRP have flashed four-hour TD Sequential buy signals following recent price declines, providing traders with an early setup for a potential rebound as selling pressure persists across digital asset markets.
Bitcoin's four-hour indicator triggered after the asset fell 5.55% from its October 5 highs. According to data cited from Ali Charts, the reading suggests the pullback may be nearing an end, though subsequent candles require buyer confirmation. CoinGecko figures show Bitcoin trading around $82,837, down roughly 1.5% over 24 hours.
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Support Levels and On-Chain Metrics
On-chain data from Glassnode indicates large liquidation clusters for Bitcoin between $81,700 and $83,300, with spot bids concentrated around $81,000 to $81,250. However, Glassnode noted that recent climbs lacked strong spot activity, averaging approximately $6.8 billion per day over seven days across combined spot exchanges and U.S. spot ETFs.
Ethereum printed a similar setup after a 7.36% drop from $2,738 to around $2,537, with recovery targets identified at $2,620 and $2,650. ETH traded near $2,558, down close to 2% over 24 hours with a 24-hour volume of $15.5 billion. Meanwhile, XRP flashed the third signal after sliding from $1.53 to $1.39, trading near $1.41 with $2.50 billion in daily volume.
Macroeconomic Pressures
Beyond technical indicators, broader market sentiment remains tempered by macroeconomic factors. Federal Reserve minutes indicate that most officials considered another interest-rate increase appropriate before the end of the year, adding a layer of risk for risk-on assets.
Key facts
- Bitcoin fell 5.55% from October 5 highs before flashing a four-hour TD Sequential buy signal.
- Ethereum dropped 7.36% from $2,738, printing recovery targets at $2,620 and $2,650.
- XRP slid from $1.53 to $1.39, triggering a matching technical setup near $1.40 support.
- Glassnode identified Bitcoin support zones between $81,000 and $83,300.
- Federal Reserve minutes show officials leaning toward potential rate increases before year-end.
Source: crypto.news
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
