Bitcoin and Ether before the US open: the overnight tape and the zones each side has to work through

Asia sold BTCUSDT off −1.83% between 8:00 PM ET and 4:00 AM ET, and ETHUSDT went the same way at −2.1% over the same hours. The sign on the delta says who carried it: −3,272 BTC on BTCUSDT and −94,183 ETH on ETHUSDT, net selling through the session.

Europe turned both around. BTCUSDT closed +0.37% between 4:00 AM ET and 7:30 AM ET, 1,544 BTC net buying, and ETHUSDT closed +0.56%, though its delta of −6,629 ETH says the buying did not carry the whole session.

The open carries Initial jobless claims at 8:30 AM ET, GDP at 8:30 AM ET, and PCE inflation at 8:30 AM ET. Everything below was read off the tape up to 7:30 AM ET on 29 October 2026.

Bitcoin (BTCUSDT)

BTCUSDT trades at 80,116, and the zone it is sitting in is the day's point of control and the daily VWAP between 80,138 and 80,172. That zone took 16 touches and 11% of the day's volume, with 50 Absorptions on the sell side as the largest mark.

The nearest zone above is the Europe high and the prior US session low between 80,345 and 80,355, where the biggest mark is 31 Absorptions on the sell side. Past it, the day's value area high runs from 80,952 to 80,355, carrying a sell wall of 60.10 BTC at 81,010, 2.1 times the usual resting size.

The nearest zone below is the Asia low, the Europe low and the day's value area low between 79,667 and 79,809. Its largest mark is 61 Absorptions on the buy side, and there is a buy wall of 74.93 BTC at 79,800, 2.1 times the usual resting size.

If price closes below 80,071, the next zone down is 79,667, and past it the week's low at 79,179. If price closes above 80,239, the next zone up is 80,345, and past it the prior day's high at 81,800.

Ether (ETHUSDT)

ETHUSDT trades at 2,322, in a zone built from the Europe low, the prior US session low, the day's value area low and the daily VWAP between 2,309 and 2,321. It is the busiest of the night's zones: 17 touches and 28.2% of the day's volume, with 292 Absorptions on the sell side leading the marks.

Above, the Europe high sits at 2,330 with 103 Absorptions on the sell side as its largest mark. Higher again, the Asia high, the day's point of control and the day's value area high fill the band from 2,355 to 2,361, where the largest mark is 69 Absorptions on the buy side and a sell wall of 5,381 ETH rests at 2,356, 6.4 times the usual resting size.

Below sits the Asia low at 2,292, a zone with few touches and a buy wall of 3,572 ETH at 2,295, 3.7 times the usual resting size.

If price closes below 2,306, the next zone down is 2,292, and past it the week's low at 2,281. If price closes above 2,324, the next zone up is 2,330, and past it the prior day's high at 2,391.

Both sides stand with their triggers and their next zones, and until one of them gives, I'll let price pick a side.

Times are New York time (ET). This is AI-generated analysis of the overnight tape, not financial advice.