TLDR – Following Bitcoin’s Uptober narrative is a risky bet.

From mid-September on, the so called, “Uptober” Narrative has been gaining momentum on social media, but like all narratives, seasonal narratives should be approached with caution.

I prefer to follow charts and data, and right now that charts are showing confluence between technical and structural resistance levels stacked around the $87.5k level that BTC bulls have been rejected from with a series of lower highs.

This doesn’t mean that printing a green October candle is impossible, but from a charting perspective, it’s going to be a lot tougher than the Uptober hopefuls may think.

📊 Trade the charts. Ignore the noise.
⚠️ Opinions only. Not financial advice.

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