Bitcoin (BTC), Hyperliquid (HYPE), and Zcash (ZEC) are showing signs of potential technical rebounds after experiencing short-lived pullbacks, driven by TD Sequential buy signals and massive spot ETF inflows reaching nearly $530 million.
Key Indicators Hint at Bitcoin Recovery Above $81,500
After approaching $85,000, Bitcoin faced rejection and dropped to approximately $81,700, according to data from CoinGecko. Crypto analyst Ali Martinez observed that the TD Sequential indicator printed a sell signal near the local high before recently flashing a buy signal, suggesting the correction may be nearing its end. This follows a volatile session where a previous market breakout collapsed as long positions flushed.
Market observer Wealthmanager highlighted that BTC is testing rising support around $81,500. If buyers maintain this level, targets at $83,500 and $85,000 remain in play. Meanwhile, analyst Joep Gerla pointed out that Bitcoin was rejected near $85,000 at the top of the volume profile, maintaining that the overall structure remains bullish provided price holds above $80,000. "Lose $80K, and it weakens," Gerla warned.
Institutional sentiment appears to be strengthening alongside technical indicators. Spot Bitcoin ETFs logged three consecutive days of positive net flows, accumulating nearly $530 million in a 24-hour period—the highest single-day inflow recorded over the last month.
Technical Rebound Signals Emerge for HYPE and ZEC
Hyperliquid (HYPE) rallied to nearly $82 on October 21 before pulling back to just under $78. Martinez noted that the TD Sequential indicator issued a sell signal at the $82 peak but has now flipped to a buy signal. He stated that if $78 holds as support, HYPE could push back toward $82 or higher.
Similarly, Zcash (ZEC) briefly spiked above $1,360 before retracing to around $1,240. The privacy coin recently saw elevated trading interest, building on momentum from previous leveraged whale positions ahead of network upgrades. Martinez indicated that the TD Sequential buy signal is active for ZEC as well, with $1,250 serving as critical support for a potential rebound toward $1,350.
Key Takeaways
- Bitcoin fell to $81,700 after rejection near $85,000, with $80,000 standing as key structural support.
- Spot BTC ETFs recorded $530 million in daily inflows, marking a one-month high across three straight green days.
- HYPE trades under $78 after peaking near $82 on October 21, with $78 acting as rebound support.
- ZEC retested $1,240 after reaching $1,360, with analysts tracking $1,250 for a recovery toward $1,350.
Why It Matters
The alignment of TD Sequential buy signals across multiple distinct crypto assets suggests that recent market-wide selling pressure may be exhausting itself at critical technical floors. Furthermore, the record $530 million institutional inflow into spot Bitcoin ETFs indicates that traditional funds are using short-term price pullbacks as accumulation opportunities. If BTC preserves its $80,000 baseline, altcoins like HYPE and ZEC are likely to follow suit in a broader market recovery.
