Welcome to another crypto market outlook for the 11th of October!
After being optimistic for a couple of weeks, the crypto market is taking a hard hit once again after Trump announced a 100% tariff on China yesterday. The big question is: is the bull run over? Let’s find out together.
Today, we will cover the following topics:
– Market Heatmap and Fear and Greed Index
– US500 and DXY
– USDT.D, Bitcoin and Ethereum Analysis
– Quotes / Advices
– Closing Remarks
Market Heatmap and Fear and Greed Index
The 7-day crypto heatmap looks alarming, showing a sea of red with BTC down over 7% and ETH down more than 11%.
The Fear and Greed Index has shifted from Greed to Fear overnight, as investors and traders turned pessimistic after previously anticipating a positive October.
US500 and DXY analysis
The US500 is having its first negative week in months, clearly showing how pessimistic the market is at the moment.
After breaking below the $6,690 major low marked in red, the US500 melted like ice on fire.
However, in the long term, the bullish trend will remain intact as long as the $6,500 structure marked in blue holds as support.
DXY is still struggling around the $99–$100 resistance zone.
If the $100 level is broken to the upside, we can expect a stronger DXY, which would likely have a negative impact on both the stock and crypto markets.
As expected in our previous DXY analysis, it rejected the $97.45 structure marked in orange and moved higher in a parabolic manner.
This week, DXY has entered a correction phase, and as it retests the lower bound of the rising red channel, we anticipate a stronger USD.
USDT.D, Bitcoin, and Ethereum analysis
As per our latest USDT.D update, it rejected the structure marked in blue and surged sharply.
As long as the 5% level holds as resistance, the crypto market still has room to pump again.
After breaking above the 4.31% structure marked in red, the bulls regained full control of USDT.D.
For the bears to take over again, a break below the structure marked in orange at 4.71% is required.
As per our latest BTC analysis, it dipped sharply after rejecting the $125,000 round number.
As long as the $107,500 structure holds as support, the overall bullish trend remains intact.
For the bulls to regain short-term control, a break above the last minor high marked in orange at $113,600 is needed.
In the meantime, BTC could still dip lower in the coming week.
As per our latest ETH update, it rejected the upper boundary of its range at $4,800 and has been dipping aggressively since then.
This week, it is retesting the lower boundary of its falling channel, which aligns perfectly with the $3,500 support level.
For the bulls to take over again and initiate a bullish correction phase toward the upper boundary of the falling daily channel, a break above the last minor high marked in orange at $3,875 is required.
Quotes / Advices
An investor without investment objectives is like a traveler without a destination.
~ Ralph Seger
Closing Remarks
In summary, the crypto market has faced a sharp correction following Trump’s announcement of a 100% tariff on China, triggering widespread fear across all asset classes. The 7-day heatmap shows a sea of red, with BTC and ETH both posting double-digit declines.
US500 has recorded its first negative week in months, indicating broader market pessimism, the long-term bullish structure remains valid above the $6,500 support.
USDT.D dominance is climbing, suggesting risk-off sentiment, though resistance near 5% could allow another market rebound.
BTC remains in an uptrend above $107,500 support but risks short-term dips unless $113,600 is reclaimed. ETH is testing critical support at $3,500 within its falling channel, and a break above $3,875 would signal recovery potential.
