Bitcoin Hugs $80,000 Floor as ETH and XRP Test Triangle Support Into 12:30 GMT PCE | Technical Analysis – Crypto Report | 29 Oct 2026
LIVE | Market in Focus | Crypto | Thursday 29 October 2026 | Updated 12:15 GMT
Bitcoin Hugs $80,000 Floor as ETH and XRP Test Triangle Support Into 12:30 GMT PCE
BitcoinBTC/USD · 12:06 GMT
79,991
−1,260 (−1.55%)
Open 81,250 · High 81,271 · Low 79,607
Daily RSI 42.53
BearishEthereumETH/USD · 12:06 GMT
2,318.5
−38.5 (−1.63%)
Open 2,356.8 · High 2,358.5 · Low 2,291.1
Daily RSI 35.53
BearishXRPXRP/USD · 12:06 GMT
1.2877
−0.0364 (−2.75%)
Open 1.3244 · High 1.3253 · Low 1.2842
Daily RSI 39.76
BearishDogecoinDOGE/USDT · 12:06 GMT
0.07855
−0.00122 (−1.53%)
Open 0.07978 · High 0.07990 · Low 0.07742
Daily RSI 39.77
BearishLitecoinLTC/USD · 12:06 GMT
57.82
−1.33 (−2.25%)
Open 59.21 · High 59.66 · Low 56.84
Daily RSI 42.56
NeutralDesk bias, today Cautious Short BTC, XRP, DOGE on rallies; long ETH, LTC on dips; PCE at 12:30 GMT decides
Market Overview
Right now, at 12:06 GMT, crypto is sitting on support and one data release can decide the day. Bitcoin is down 1.55% at 79,991 after a Fed that held at 3.75%–4.00% but saw two votes to hike; it spiked to about 81,700 on the hold, then gave it all back. Total market value slid 1.3% to $2.77 trillion by 04:15 GMT. At 12:30 GMT, US Q3 GDP (3.2% expected) and September PCE (3.6% headline, 3.1% core) land together, with the ECB at 13:15 GMT right behind.
The charts show five coins pressed against structure. Ethereum (2,318.5) is on its 2,334 slow average and the trendline from the June low, XRP (1.2877) is on its triangle floor, Dogecoin (0.07855) is under a falling trendline, and Litecoin (57.82) is the relative-strength name with RSI 42.56 above its average. Bitcoin’s RSI of 42.53 sits under its 46.63 average. The desk plan today: sell bounces in Bitcoin, XRP and Dogecoin; buy floor dips in Ethereum and Litecoin, with tight stops into 12:30 GMT.
Key highlights
- Bias: Short Bitcoin, XRP and Dogecoin on rallies; long Ethereum and Litecoin on dips.
- Levels: BTC 81,706 and 79,607; ETH 2,409 and 2,291; XRP 1.3265 and 1.2842; DOGE 0.0806 and 0.0774; LTC 59.56 and 54.70.
- Event risk: US GDP and PCE 12:30 GMT, ECB 13:15 GMT, Lagarde 13:45 GMT, Strategy results 20:00 GMT, daily close 00:00 GMT.
Crypto Trade Tickets for Today
Bitcoin (BTCUSD)
ShortMedium conviction- Entry zone
- 81,000–81,700Average 81,350
- Stop loss
- 82,500−1,150 pts
- Take profit 1
- 79,600+1,750 pts
- Take profit 2
- 77,000+4,350 pts
- Take profit 3
- 75,500+5,850 pts
- Valid until
- 00:00 GMTdaily close
Average entry 81,350. Risk 1,150 pts (about 1.41% of entry). Reward:risk 1.5 to TP1, 3.8 to TP2, 5.1 to TP3. 1 pt = $1.
Why this trade: Sell a bounce into the 81,706 fast and 81,922 medium averages, the zone that capped today’s rebound after the Fed hold at about 81,700. RSI 42.53 sits under its 46.63 average, and a hot PCE at 12:30 GMT would push price through the channel floor near 79,600.
Cancel if: A 4-hour close above 82,500, or a soft PCE print that drags yields lower and lifts risk assets. Cancel if unfilled by 00:00 GMT.
Ethereum (ETHUSD)
LongLow–medium conviction- Entry zone
- 2,290.0–2,325.0Average 2,307.5
- Stop loss
- 2,240.0−68 pts
- Take profit 1
- 2,409.0+102 pts
- Take profit 2
- 2,470.0+162 pts
- Take profit 3
- 2,531.0+224 pts
- Valid until
- 00:00 GMTdaily close
Average entry 2,307.5. Risk 68 pts (about 2.93% of entry). Reward:risk 1.5 to TP1, 2.4 to TP2, 3.3 to TP3. 1 pt = $1.
Why this trade: Buy a dip into the rising trendline and the 2,334 slow average, where ETH held the 2,291 low today. RSI 35.53 is near oversold and the stop is tight, but conviction stays low because rallies keep failing under the 2,409 fast average.
Cancel if: A 4-hour close below 2,240, which breaks the trendline from the June low, or a hot PCE that lifts the dollar and yields. Cancel if unfilled by 00:00 GMT.
XRP (XRPUSD)
ShortLow–medium conviction- Entry zone
- 1.3000–1.3260Average 1.3130
- Stop loss
- 1.3450−32 pts
- Take profit 1
- 1.2650+48 pts
- Take profit 2
- 1.2200+93 pts
- Take profit 3
- 1.2000+113 pts
- Valid until
- 00:00 GMTdaily close
Average entry 1.3130. Risk 32 pts (about 2.44% of entry). Reward:risk 1.5 to TP1, 2.9 to TP2, 3.5 to TP3. 1 pt = $0.001.
Why this trade: Sell a bounce into the 1.2999 slow average and the 1.3265 fast average. Price sits on the triangle floor with RSI 39.76 under its 40.38 average, and 1.30 has flipped from support to resistance after the Fed hold.
Cancel if: A 4-hour close above 1.3450, or a soft PCE print that squeezes shorts back toward 1.3971. Cancel if unfilled by 00:00 GMT.
Dogecoin (DOGEUSDT)
ShortLow–medium conviction- Entry zone
- 0.08000–0.08200Average 0.08100
- Stop loss
- 0.08350−25 pts
- Take profit 1
- 0.07700+40 pts
- Take profit 2
- 0.07500+60 pts
- Take profit 3
- 0.07200+90 pts
- Valid until
- 00:00 GMTdaily close
Average entry 0.08100. Risk 25 pts (about 3.09% of entry). Reward:risk 1.6 to TP1, 2.4 to TP2, 3.6 to TP3. 1 pt = $0.0001.
Why this trade: Sell a rally into the falling trendline and the 0.0806–0.0820 averages, a band FXStreet flags as capping rallies. Price is under all three averages, with 0.0750 support below.
Cancel if: A 4-hour close above 0.0835, or a clean break of the falling trendline on rising volume. Cancel if unfilled by 00:00 GMT.
Litecoin (LTCUSD)
LongLow–medium conviction- Entry zone
- 55.60–57.20Average 56.40
- Stop loss
- 53.90−250 pts
- Take profit 1
- 59.50+310 pts
- Take profit 2
- 61.50+510 pts
- Take profit 3
- 64.00+760 pts
- Valid until
- 00:00 GMTdaily close
Average entry 56.40. Risk 250 pts (about 4.43% of entry). Reward:risk 1.2 to TP1, 2.0 to TP2, 3.0 to TP3. 1 pt = $0.01.
Why this trade: Buy a dip toward the rising triangle floor and the 54.70 slow average. RSI 42.56 has crossed above its 41.25 average, and LTC held up better than most majors in early trade.
Cancel if: A 4-hour close below 53.90, or a hot PCE that breaks the triangle floor. Cancel if unfilled by 00:00 GMT.
Conditional levels, not investment advice.
Price Ladders: Every Level That Matters Today
Bitcoin
| Price | Level | What it is | Distance |
|---|---|---|---|
| 84,000 | Resistance 3 | Analyst breakout objective above $82K | +4,009 pts |
| 82,500 | Resistance 2 | Stop level, above both averages | +2,509 pts |
| 81,922 | Resistance 1 | Medium average | +1,931 pts |
| 81,706 | Fast average | Capped the post-Fed rebound | +1,715 pts |
| 81,000–81,700 | Entry zone | Short idea; stop 82,500 | +1,009 to +1,709 pts |
| 81,271 | Session high | Today’s high, Bitstamp | +1,280 pts |
| 79,991 | Price now | Captured 12:06 GMT | 0 pts |
| 79,607 | Support 1 | Session low, channel floor | −384 pts |
| 77,000 | Support 2 | Next demand zone if 79,000 fails | −2,991 pts |
| 76,057 | Support 3 | Slow average | −3,934 pts |
Ethereum
| Price | Level | What it is | Distance |
|---|---|---|---|
| 2,530.9 | Medium average | Upper resistance | +212 pts |
| 2,409.1 | Resistance 3 | Fast average | +91 pts |
| 2,358.5 | Resistance 2 | Session high | +40 pts |
| 2,334.4 | Resistance 1 | Slow average, trendline test | +16 pts |
| 2,318.5 | Price now | Captured 12:06 GMT | 0 pts |
| 2,290.0–2,325.0 | Entry zone | Long idea; stop 2,240.0 | −28 to +6 pts |
| 2,291.1 | Support 1 | Session low | −27 pts |
| 2,240.0 | Support 2 | Stop level, below the trendline | −78 pts |
| 2,200.0 | Support 3 | Round number | −118 pts |
XRP
| Price | Level | What it is | Distance |
|---|---|---|---|
| 1.3971 | Medium average | Upper resistance | +109 pts |
| 1.3450 | Resistance 3 | Stop level | +57 pts |
| 1.3265 | Resistance 2 | Fast average | +39 pts |
| 1.3253 | Resistance 1 | Session high | +38 pts |
| 1.3000–1.3260 | Entry zone | Short idea; stop 1.3450 | +12 to +38 pts |
| 1.2999 | Slow average | Flipped to resistance | +12 pts |
| 1.2877 | Price now | Captured 12:06 GMT | 0 pts |
| 1.2842 | Support 1 | Session low, triangle floor | −4 pts |
| 1.2650 | Support 2 | Below the triangle floor | −23 pts |
| 1.2200 | Support 3 | Next downside objective | −68 pts |
Dogecoin
| Price | Level | What it is | Distance |
|---|---|---|---|
| 0.08647 | Resistance 3 | Medium average | +79 pts |
| 0.08350 | Resistance 2 | Stop level | +50 pts |
| 0.08196 | Resistance 1 | Slow average | +34 pts |
| 0.08000–0.08200 | Entry zone | Short idea; stop 0.08350 | +15 to +35 pts |
| 0.08064 | Fast average | Falling trendline zone | +21 pts |
| 0.07990 | Session high | Today’s high, Binance | +14 pts |
| 0.07855 | Price now | Captured 12:06 GMT | 0 pts |
| 0.07742 | Support 1 | Session low | −11 pts |
| 0.07500 | Support 2 | Range support | −35 pts |
| 0.07200 | Support 3 | Mid-year base | −66 pts |
Litecoin
| Price | Level | What it is | Distance |
|---|---|---|---|
| 64.00 | Resistance 3 | Upper target zone | +618 pts |
| 61.56 | Resistance 2 | Medium average | +374 pts |
| 59.66 | Session high | Today’s high | +184 pts |
| 59.56 | Resistance 1 | Fast average, falling line | +174 pts |
| 57.82 | Price now | Captured 12:06 GMT | 0 pts |
| 56.84 | Support 1 | Session low | −98 pts |
| 55.60–57.20 | Entry zone | Long idea; stop 53.90 | −222 to −62 pts |
| 54.70 | Support 2 | Slow average, triangle floor | −312 pts |
| 53.90 | Support 3 | Stop level, below the floor | −392 pts |
Technical Summary: Five Daily Charts
Bitcoin
- Trend
- Price is pressed against the lower line of a rising channel drawn from the mid-August breakout, with the early-October high near 87,000 now behind it.
- Averages
- Price is under the 81,706 fast and 81,922 medium averages and above the 76,057 slow average.
- Momentum
- RSI 42.53 under its 46.63 average: weak, not yet oversold.
Ethereum
- Trend
- Price is testing the rising trendline from the June low while a falling line from the late-September high squeezes it; the wedge is near its apex.
- Averages
- Price is under the 2,409.1 fast and 2,530.9 medium averages and pinned on the 2,334.4 slow average.
- Momentum
- RSI 35.53 under its 38.11 average: weak and close to oversold.
XRP
- Trend
- Price is sitting on the rising lower line of a symmetrical triangle formed since the August spike; the falling upper line is near 1.50.
- Averages
- Price is under the 1.3265 fast and 1.3971 medium averages and just under the 1.2999 slow average.
- Momentum
- RSI 39.76 under its 40.38 average: weak, no bullish divergence yet.
Dogecoin
- Trend
- A falling trendline from the late-September high near 0.106 is converging with rising support from August; price is just under the falling line.
- Averages
- Price is under the 0.08064 fast, 0.08196 slow and 0.08647 medium averages.
- Momentum
- RSI 39.77 above its 37.77 average: soft, edging up from oversold.
Litecoin
- Trend
- Price is squeezed between a falling line from the late-September high near 79 and rising support from August; the triangle apex is close.
- Averages
- Price is under the 59.56 fast and 61.56 medium averages and above the 54.70 slow average.
- Momentum
- RSI 42.56 above its 41.25 average: weak but turning up.
Bull vs Bear Signal Board
| Market | Trend | Averages | Momentum | Today’s catalyst |
|---|---|---|---|---|
| Bitcoin | Neutral | Neutral | Bearish | PCE 12:30 GMT, Strategy results Bearish |
| Ethereum | Neutral | Bearish | Bearish | ETF outflows, Coinbase premium Bearish |
| XRP | Neutral | Bearish | Bearish | Moody’s RLUSD rating, ETF flows Neutral |
| Dogecoin | Bearish | Bearish | Neutral | Capped under 0.0806–0.0888 band Bearish |
| Litecoin | Neutral | Neutral | Neutral | Outperformed majors, PCE 12:30 GMT Neutral |
Today on the GMT Clock
- US GDP, PCE and jobless claims
- 12:30 GMT
- today · High impact
- A hot core PCE revives hike pricing and pressures BTC, ETH and altcoins
- ECB rate decision
- 13:15 GMT
- today · High impact
- A hawkish ECB lifts the euro and can soften the dollar, helping crypto
- Lagarde press conference
- 13:45 GMT
- today · Medium impact
- Guidance moves the dollar and risk appetite
- Strategy Q3 results
- 20:00 GMT
- today · Medium impact
- Treasury purchase pace can move BTC sentiment late in the session
- Daily candle closes
- 00:00 GMT
- today · Medium impact
- Closes beyond idea stops decide whether levels hold into the Asian open
Swipe sideways for all events.
If-Then Playbook
If Bitcoin: price bounces into 81,000–81,700
Then go short; targets 79,600, 77,000, 75,500
If Bitcoin: a 4-hour candle closes above 82,500
Then drop the short; the idea is wrong
If Ethereum: price dips to 2,290.0–2,325.0
Then go long; targets 2,409.0, 2,470.0, 2,531.0
If Ethereum: a 4-hour candle closes below 2,240.0
Then drop the long; the idea is wrong
If XRP: price bounces into 1.3000–1.3260
Then go short; targets 1.2650, 1.2200, 1.2000
If XRP: a 4-hour candle closes above 1.3450
Then drop the short; the idea is wrong
If Dogecoin: price bounces into 0.08000–0.08200
Then go short; targets 0.07700, 0.07500, 0.07200
If Dogecoin: a 4-hour candle closes above 0.08350
Then drop the short; the idea is wrong
If Litecoin: price dips to 55.60–57.20
Then go long; targets 59.50, 61.50, 64.00
If Litecoin: a 4-hour candle closes below 53.90
Then drop the long; the idea is wrong
Catalyst Wire: Fundamental News Today
Fed holds at 3.75%–4.00% in a 10–2 vote; two officials wanted a hike
Bitcoin spiked above $81,000 and touched about $81,700 after the hold, then faded back under $80,000 as the hawkish dissents sank in. Bond yields near 5% keep a lid on risk appetite.
Source: KuCoin, Substack Daily Market Report, CryptoTimes, 29 Oct 2026
US Q3 GDP and September PCE land together at 12:30 GMT
Consensus is about 3.2% GDP growth, 3.6% headline PCE and 3.1% core PCE. A hot core print revives hike pricing and pressures all five coins; a cool one can spark a short squeeze toward the averages.
Source: Economic calendar, Capital Street desk consensus, 29 Oct 2026
Bitcoin slips under $80,000 as long liquidations accelerate the dip
Long liquidations jumped about 1,000% from the prior reading to roughly $52 million as BTC fell from above $81,000. Analysts watch $79,000–$80,000 for another hold, with $77,000 the next zone if it fails.
Source: CaptainAltcoin, CoinGecko, 29 Oct 2026
Total crypto market cap falls 1.3% to $2.77 trillion
CoinGecko data at 04:15 GMT showed Bitcoin down 1.7% and Ethereum down 2.4%, with DeFi off 3.4%. Bitcoin dominance sits near 57.8%, and October is on track for about a 4.1% loss for BTC against the 1 October price.
Source: CoinGabbar (CoinGecko data), CryptoTicker, 29 Oct 2026
Ethereum tests the $2,300 demand area; Coinbase premium stays negative
FXStreet notes ETH is below its key EMAs and flags a deeper sell-off risk if $2,300 breaks, while the Coinbase Premium has stayed negative even after the Fed hold gave ETH a brief 1% lift.
Source: FXStreet, 29 Oct 2026
XRP slides toward $1.30 support; Moody’s rates Ripple’s RLUSD A2
Moody’s gave RLUSD a long-term deposit rating of A2 and a short-term P-1, and Ripple secured final OCC approval for its national trust bank. Price action is still capped by the 50-day EMA, with a close under $1.30 the near-term trigger for weakness.
Source: FXStreet, 29 Oct 2026
Dogecoin stays boxed between $0.0750 support and $0.0800 supply
Perpetual open interest has steadied near $14.7 billion. As long as price trades under the $0.0806–$0.0888 band, rallies are likely to be capped and a retest of the lower range floor stays in play.
Source: FXStreet, CoinGlass, 29 Oct 2026
Litecoin outperforms the market as altcoins slide
Litecoin lost 0.7% in early trade alongside BNB (+0.6%) and TRON (flat), while Basic Attention Token, NEAR and Dash led losses of 7%–9.5%. CryptoQuant shows altcoin inflows to Binance at their lowest since 20 August.
Source: FXStreet, CryptoQuant, 29 Oct 2026
Strategy reports Q3 results after the US close; webinar at 21:00 GMT
The largest corporate Bitcoin holder reports after US markets close, so its purchase pace and funding plans can move BTC sentiment late in the session.
Source: NewsBTC, Strategy, 29 Oct 2026
Conclusion
Desk verdict: sell bounces in Bitcoin, XRP and Dogecoin; buy floor dips in Ethereum and Litecoin.
Bitcoin, XRP and Dogecoin carry the cleaner shorts while they stay under their fast averages, with stops at 82,500, 1.3450 and 0.0835. Ethereum and Litecoin are floor dip-buys, stopped at 2,240 and 53.90. The book mixes shorts and longs, so a single PCE shock hurts less than a one-way book, though all five coins are correlated. The main risks are the 12:30 GMT PCE print, the ECB at 13:15 GMT and Strategy’s results at 20:00 GMT, any of which can break these levels quickly.
Trade Bitcoin, Ethereum, XRP, Dogecoin and Litecoin with Capital Street FX.
Frequently Asked Questions
What is the crypto market outlook for today?
Cautious. Bitcoin hugs the $80,000 channel floor after a hawkish Fed hold, ETH and XRP test triangle support, and the 12:30 GMT GDP and PCE release sets the tone.
Which crypto trade ideas are live today?
Short Bitcoin, XRP and Dogecoin on rallies; long Ethereum and Litecoin on dips, each with a stop and three targets.
What time are the key events in GMT?
US GDP, PCE and jobless claims at 12:30 GMT, the ECB at 13:15 GMT, Lagarde at 13:45 GMT, Strategy results at 20:00 GMT and the daily close at 00:00 GMT.
Why is Bitcoin falling today?
The Fed held at 3.75%–4.00% but two members voted to hike, bond yields sit near 5%, and leveraged longs were liquidated as BTC slipped under $80,000.
Which levels matter most for Bitcoin?
Support at 79,607 and 77,000, resistance at the 81,706 fast and 81,922 medium averages. A close above 82,500 invalidates the short idea.
