Bitcoin, Ethereum and XRP have flashed four-hour TD Sequential buy signals after sharp price declines, giving traders a possible early rebound setup as all three assets remain under selling pressure.
Summary
- Bitcoin’s four-hour TD Sequential flashed a buy signal after falling 5.55% from October 5 highs.
- Ethereum’s four-hour buy signal appeared after ETH dropped 7.36%, with $2,620 and $2,650 recovery targets.
- XRP flashed the same signal after sliding from $1.53 to $1.39, according to Ali Charts.
- Glassnode sees Bitcoin support near $81,000, while thin volume still limits confidence in any rebound.
- Federal Reserve minutes show most officials still considered another interest-rate increase appropriate before year end.
Ali Charts reported the Bitcoin signal on Oct. 8 after BTC fell 5.55% from $86,976 on Oct. 5 to a low near $82,150. The analyst said the reading suggested the pullback “may be nearing an end,” while stressing that the next four-hour candles still need buyers to confirm the setup.
Current market data has not yet confirmed a reversal. CoinGecko showed Bitcoin trading around $82,837 at the latest check, down roughly 1.5% over 24 hours, with a daily range between approximately $82,318 and $83,994. Twenty-four-hour trading volume stood near $36.2 billion.
Bitcoin buy signal appears near a key support area
Bitcoin’s signal has appeared close to a price zone already identified by on-chain analysts as important support. Glassnode’s Oct. 7 market report placed the nearest large liquidation cluster between roughly $81,700 and $83,300, while the largest block of spot bids on Binance sat around $81,000 to $81,250.
Glassnode found a less convincing picture behind Bitcoin’s earlier climb above $85,000. Combined spot exchange and U.S. spot ETF volume averaged approximately $6.8 billion per day over seven days, a level lower than roughly 90% of trading days since January 2024. The research firm said the move above $85,000 came without a normal increase in spot activity.
Selling pressure appeared when the earlier rally reached higher levels. Glassnode found that roughly 86% of Bitcoin sent to exchanges on Oct. 4 came from short-term holders moving coins at a profit, the highest share recorded over the previous year. Sellers then placed another large group of asks near $86,500 to $86,750 after BTC briefly broke above $85,000.
Options positioning is more constructive. Glassnode reported approximately 0.56 puts for every call in open interest, while traders were spending an average of roughly $17 million more per day on calls than puts over a 30-day period. The firm cautioned that the historical record does not give the setup a clear direction.
A separate on-chain reading offers another possible support factor. Santiment reported that 24,073 BTC left exchanges on net on Oct. 5, the largest one-day outflow since March 1. Exchange balances fell to approximately 6.5% of Bitcoin’s total supply. Santiment described falling exchange supply as supportive when demand holds, but exchange withdrawals do not prove that buyers will immediately push prices higher.
As crypto.news previously reported in its October Bitcoin outlook, analysts had already identified the $82,000 area as an important level for BTC. The latest decline has brought price back into that zone.
Ethereum buy signal forms after a 7% drop
Ethereum has printed a similar four-hour setup after falling 7.36% from $2,738 to around $2,537, according to Ali Charts. His ETH analysis identified $2,620 and $2,650 as possible recovery levels if buyers confirm the signal.
CoinGecko showed ETH at approximately $2,558 at the latest check, down close to 2% over 24 hours. The token traded between roughly $2,543 and $2,613 during the period, while 24-hour trading volume stood near $15.5 billion. Ethereum’s market capitalization remained close to $312 billion.
The $2,500 area has already attracted attention from traders following the recent breakdown. As crypto.news reported in its latest Ethereum price analysis, ETH fell below $2,600 after breaking its recent range, leaving the $2,500 to $2,560 area as an important support zone.
Derivatives positioning remains crowded. Daan Crypto Trades said open interest increased sharply after ETH’s decline while funding turned negative and spot selling remained strong. He described the positioning as a mixture of traders buying the dip and shorts following the downside move.
The analyst said bears remained in control after ETH broke below its previous two-to-three-week range. His view was conditional because a rise in open interest can increase the size of a later move in either direction when heavily leveraged positions begin closing.
Ali’s recovery targets sit just above the current market. A move from approximately $2,558 to $2,620 would require a gain of around 2.4%, while $2,650 would place ETH roughly 3.6% above the latest CoinGecko price. Neither target has been confirmed.
XRP buy signal appears around $1.40 support
XRP has flashed the third TD Sequential buy signal after falling from approximately $1.53 to $1.39. Ali Charts said an earlier TD Sequential sell reading appeared close to XRP’s recent local high, while the new signal raises the possibility of a local low.
Current price data keeps XRP close to that potential bottom area. CoinGecko showed XRP trading at approximately $1.41, down about 4.6% over 24 hours, with a daily range between $1.40 and $1.46. Trading volume stood near $2.50 billion, while perpetual futures open interest was approximately $4.64 billion.
Other technical views remain cautious. EGRAG Crypto has identified $1.41 and $1.37 as possible retest levels, with a deeper downside zone between $1.32 and $1.27 if selling continues. His setup requires buyers to reclaim the $1.55 to $1.60 region before the short-term bearish view changes.
As crypto.news reported in its XRP support analysis, the $1.40 area was already being watched after XRP moved lower despite $3.14 million of net inflows into U.S. spot XRP ETFs on Oct. 6.
The ETF flows provide one source of demand, but the latest price action shows they have not prevented short-term selling. XRP remains close to the lower edge of its current 24-hour range, leaving Ali’s four-hour signal unconfirmed at the latest price check.
What would confirm a Bitcoin, Ethereum and XRP rebound?
The TD Sequential readings identify possible exhaustion after a sequence of price moves. They do not by themselves confirm a bottom, and Ali Charts said the next several four-hour candles need to show buyers returning before the signals gain confirmation.
Bitcoin has the clearest nearby market levels from Glassnode’s data. Support is concentrated from roughly $81,700 to $83,300, with major Binance bids near $81,000. On the upside, Glassnode said a settled close back above $85,500 would recover the level lost earlier this week. Another concentration of potential short liquidations sits between $87,100 and $95,900, with the largest area near $92,000.
For ETH, Ali is watching $2,620 and $2,650 if the four-hour setup receives confirmation. XRP remains close to the $1.40 zone, while EGRAG’s analysis keeps $1.37 and $1.32 to $1.27 in view if buyers fail to hold current levels.
Macro conditions remain another variable. Minutes from the Federal Reserve’s Sept. 15–16 meeting showed that most participants considered another rate increase likely appropriate by year end, though officials said future decisions would depend on incoming data. The Fed had already raised its target range by 25 basis points to 3.75%–4% at that meeting.
Crypto.news reported in its Oct. 7 market selloff coverage that BTC, ETH, XRP and SOL had all fallen sharply as leveraged long positions were forced out, with CoinGlass figures showing hundreds of millions of dollars in liquidations.
The next scheduled U.S. inflation test is the September CPI release on Oct. 14, while the Federal Reserve’s next policy meeting is set for Oct. 27–28.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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