U.S. Treasury Secretary Scott Bessent announced on Thursday that the government will suspend certain restrictions limiting Chinese companies’ access to sensitive U.S. technology — a move that marks another step toward easing trade tensions between the world’s two largest economies. While this development typically signals a positive outlook for risk assets and crypto, broader market sentiment turned cautious following the latest Federal Open Market Committee (FOMC) meeting. Fed Chair Jerome Powell noted that policymakers hold diverging opinions on a potential December rate cut, adding uncertainty to the outlook. However, the Fed’s indication that it may end quantitative tightening suggests an upcoming liquidity boost, which could support crypto markets over the longer term.

In the immediate aftermath, volatility surged — with over $1.1 billion in liquidations recorded within 24 hours. This sharp correction dragged Bitcoin below $107,000 and under its 200-day exponential moving average (EMA), a key support level closely monitored by traders.

Bitcoin’s end-of-month decline deepened on Thursday, sliding to $107,328 after the New York open and briefly touching an intraday low of $106,800. The downturn reflected broader weakness across U.S. equity markets, with the S&P 500 and Nasdaq posting mild losses despite strong third-quarter earnings from major tech companies. For many investors, Bitcoin’s muted performance came as a surprise — especially after expectations of a rally driven by optimism surrounding a potential Trump–China trade agreement, a 25-basis-point Fed rate cut, and the anticipated end of quantitative tightening.

Meanwhile, sentiment in traditional markets was dampened as Meta and Microsoft shares fell 10% and 3%, respectively. Investors grew wary of rising AI-related spending, which overshadowed otherwise robust earnings and reinforced a wave of profit-taking across both equity and crypto markets.

Ether has spent the past two weeks hovering around the $4,000 mark, stabilizing after a sharp flash crash below $3,500 on October 11. This consolidation follows the Fed’s 25-basis-point rate cut and confirmation of an end to quantitative tightening — both typically supportive for risk assets. Despite this improved macro backdrop, Ether futures are trading at only a 5% premium over spot prices, suggesting muted leveraged demand and cautious sentiment among traders. The softness has been compounded by continued outflows from U.S.-based Ethereum spot ETFs, which have persisted since mid-October. Even with $380 million in ETF inflows earlier this week, Ether has struggled to gain momentum — raising questions about whether the long-anticipated $10,000 price target remains achievable in the current cycle.

Technical Outlook

Bitcoin (BTC):

After reaching a new all-time high of $126,199, BTC witnessed a sharp 20% correction to $102,000. The asset held above the psychological support level of $100,000, closing at $107,000. The lower long shadow near $105,000 indicates buying interest at lower levels. Currently, BTC is consolidating in a broad range between $116,000 and $106,500. Breakouts on either side with strong volume will determine the next directional move.

Ethereum (ETH):

ETH formed a Doji candle after marking an all-time high of $4,956, indicating indecision at the top. The asset then saw profit-taking, dropping nearly 30% to $3,450. However, bears failed to close below the key $3,500 support, leading to a mild recovery. ETH is currently trading sideways between $4,200 and $3,700. Longer lower shadows near $3,700 signal accumulation at lower levels. A breakout on either side with strong volume will confirm the next trend.

Solana (SOL):

After hitting a recent top of $253.56, SOL fell sharply by about 34% to $168.79. Since then, it has been consolidating between $205 and $180. A breakout above or below this range will determine its next directional bias.

Weekly Snapshot:

Crypto Asset23 Oct 2530 Oct 25Previous WeekCurrent WeekCloseClose% ChangeHighLowHighLowBTC$110,070$103,241-6.20%$113,996$103,598$116,273$106,376ETH$3,856$3,804-1.35%$4,110$3,679$4,251$3,682SOL$191.39$184.62-3.54%197.37174.74205.02179.22

Crypto Asset1w – % Vol. Change (Global)Bitcoin (BTC)-23.24%Ethereum (ETH)-18.54%Solana (SOL)-4.28%

Resistance 2$125,000$4,450$230$1,225Resistance 1$116,000$4,250$205$1,150USDBTCETHSOLBNBSupport 1$107,000$3,700$175$1,040Support 2$100,000$3,450$155$980

Market Updates:

U.S. Senator Chris Murphy has accused Binance.US of influencing President Donald Trump’s pardon of former Binance CEO Changpeng “CZ” Zhao.

Tokenized real-world assets (RWAs) could reach a cumulative value of $2 trillion within the next three years, according to Standard Chartered, as global capital and payments increasingly shift to blockchain rails.

Bank Indonesia (BI) is advancing its plans to issue a national stablecoin backed by government bonds (SBN).

Bybit, the world’s second-largest crypto exchange by trading volume, announced it will pause new user registrations in Japan starting Oct. 31, in response to new Financial Services Agency (FSA) regulations.

Unravel everything that you need for your crypto journey via ZebPay blogs. Get started today and join 6 million+ registered users on ZebPay!

The post Crypto Technical Analysis Report – 31st October 2025 appeared first on ZebPay.

---

Filed under: Bitcoin - @ October 31, 2025 9:21 am