How to Trade Crypto When Bitcoin Tests $81,000 Support
Video: Bitcoin Came THIS Close to Breaking Down: $97K Next?
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Key takeaways
- Bitcoin flushed to about $79,750 but closed back above $81,000 support.
- A daily close above $87,200 opens a confluence target near $95,000–$97,000.
- A daily close below $81,000 opens $75,500, where Gareth Soloway would buy only 25%.
- The $67,000 zone is reserved for loading the rest of a long-term position.
- Ethereum has a heavy buy zone just below $2,000 and a $2,800 retest on a breakout.
Bitcoin came within a hair of breaking down, flushing to about $79,750 before closing back above its $81,000 support. The trade is to treat $81,000 and $87,200 as the two levels that define the next move: above $87,200, three technical factors converge near $95,000–$97,000; below $81,000, the door opens to $75,500 and then the $67,000 zone. Gareth Soloway breaks down these exact levels on Coinbase charts, and you can sign up through his referral link for tier-one fee pricing: Coinbase tier-one fee registration.
Why Bitcoin is holding up while the AI trade slides
Bitcoin has been hanging in there even as the AI trade and the Nasdaq slide, which is a sign of relative strength. The bullish structure remains intact as long as the $81,000 line holds on a daily closing basis. Soloway holds no swing position in Bitcoin, long or short, while it sits inside its roughly $6,000 range, because the risk-reward is unclear until one of the boundaries breaks.
The two levels that decide Bitcoin's next move
A daily close above $87,200 is the trigger for the upside case, while a daily close below $81,000 is the trigger for the downside case. Everything in between is noise inside the range. The flush to $79,750 was a test of the lower boundary, and the recovery back above $81,000 kept the bullish structure alive. Traders who act without a game plan get whipsawed in this kind of chop, which is why the levels matter more than the intraday headlines.
Three factors that line up near $97,000
Above $87,200, three separate technical factors converge near $95,000 to $97,000, giving a high-probability upside target. The first is a rising trend line that currently sits near $91,000 and could carry the target into late November. The second is a measured move off the consolidation, which projects to roughly $96,000–$97,000. The third is the prior pivot highs, which confirm the confluence. All three point to the same area, which is why Soloway treats $95,000–$97,000 as the zone to watch rather than a single price.
The bear case: $81,000, $75,500 and $67,000
A daily close below $81,000 opens the door to $75,500, where Soloway would buy only 25% of a position. The next level is the $67,000 zone, where he plans to load the rest. He told Crypto Banter that he would not go all in at $75,500 because the risk of a deeper flush remains until the cycle low is proven otherwise. He still believes the cycle low is in until proven otherwise, but the staged buying plan keeps emotion out of the trade.
Ethereum and HBAR: altcoin levels to watch
Ethereum remains in a range with a heavy buy zone just below $2,000 and a $2,800 retest on a breakout. The sub-$2,000 area is where Soloway sees strong support, while a break above the range would target $2,800. On HBAR, he took a swing trade with Smart Money Crypto members on a retrace to the scene of the crime, with a target near $0.10. The setup is a classic retest of a prior breakdown level, and the target is the next resistance zone.
Common questions from traders
Many viewers ask whether they can short Bitcoin on Coinbase, and the answer is that Coinbase's spot platform does not offer shorting, so traders use futures or margin products elsewhere. Others wonder whether they can still use the referral link if they already have a Coinbase account; the offer applies to accounts idle for 30 days and to viewers who joined under someone else's link, subject to the sponsor's terms. A recurring concern is that Coinbase fees and spreads are too expensive, which is exactly why tier-one fee pricing through the referral link matters for active traders. Finally, some viewers note that emotional trading without a game plan is the real problem, and the fix is to define entries, exits and position sizes before the trade.
Useful links
Bottom line
The Bitcoin setup is binary: a daily close above $87,200 opens a confluence target near $95,000–$97,000, while a daily close below $81,000 opens $75,500 and then $67,000. Soloway's plan is to stay patient inside the range, buy in stages below support, and keep emotion out of the trade. Ethereum's sub-$2,000 buy zone and HBAR's $0.10 target round out the altcoin watchlist. For the full chart walkthrough, see the analysis by Gareth Soloway on his channel. To trade with lower fees, use the Coinbase tier-one fee registration link.
Questions & answers
What are the key Bitcoin levels to watch right now?
The two levels that matter are $81,000 on the downside and $87,200 on the upside. A daily close below $81,000 opens $75,500 and then $67,000, while a daily close above $87,200 opens a confluence target near $95,000–$97,000.
Why is Gareth Soloway not holding a Bitcoin position?
He holds no swing position because Bitcoin is stuck inside a roughly $6,000 range, which makes the risk-reward unclear until one of the boundaries breaks. He prefers to wait for a daily close above $87,200 or below $81,000 before committing.
Can I short Bitcoin on Coinbase?
Coinbase's spot platform does not offer shorting, so traders who want to short Bitcoin use futures or margin products on other exchanges. The referral link in the video is for spot trading with tier-one fee pricing.
What is the HBAR swing trade setup?
Soloway took a swing trade on HBAR with Smart Money Crypto members on a retrace to the scene of the crime, with a target near $0.10. The setup relies on a retest of a prior breakdown level before the next leg higher.
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