--BTC Update 15th October--
That last market drop was brutal , one of the most aggressive moves I’ve seen in my entire crypto trading career. It shook the entire market and liquidated countless positions within hours. Even though I didn’t share any long setups before the fall, I genuinely feel for everyone who took losses in that move. It’s a reminder that no matter how perfect your TA looks, macro volatility and market sentiment can override everything. Always protect your capital first.
Now, focusing on BTC’s current structure , yesterday’s daily candle *closed above the 0.382 Fibonacci level*, which is a constructive sign after such a deep flush. However, price is currently struggling around the **Quarterly VWAP**, and that’s an important area to watch. A clean reclaim of the **115.4K zone** would mean BTC regains both daily support and QVWAP control , a strong confluence for a potential leg higher.
If that happens, we could see momentum carry BTC toward the **117.5K area**, where the **POC (Point of Control)** sits , likely to act as resistance in the short term.
On the downside, if we retrace again, keep an eye on the **111.5K region**, which aligns with both **daily support** and **Value Area Low **. That zone should provide a decent bounce opportunity. Traders could consider either **scaling into spot positions from current levels** and adding on dips, or **waiting for confirmation** around that support before deploying capital.
Overall, the structure is fragile but recovering , BTC is trying to stabilize after an emotional washout. The next few daily closes will be crucial in determining if this recovery can sustain or if we revisit the lower range.
