$BTC is glued to $80,000 — and there is a reason.
Options max pain for tomorrow's expiry sits exactly at $80K, so the market is pinned here. Today BTC dipped to $79,322, buyers stepped in at the bid wall, and price recovered above $80K again.
The real move comes Wednesday: the Fed decides, with ~90% odds of no change. Last week ETFs still closed +$301M net, even after two heavy outflow days — institutions are not running away.
My #BinancePick view for this week:
Support: $79,300 — a daily close below $79,000 breaks the structure
Resistance: $80,800–$81,250
If the Fed stays calm, I expect a retest of $82K–$83K. One trader even placed a $68M bet on BTC above $90K after the US midterms.
Will $BTC close this week above $80,000? Yes or No — what is your pick?
Not financial advice. DYOR.
#BinancePick #BinancePick
Options max pain for tomorrow's expiry sits exactly at $80K, so the market is pinned here. Today BTC dipped to $79,322, buyers stepped in at the bid wall, and price recovered above $80K again.
The real move comes Wednesday: the Fed decides, with ~90% odds of no change. Last week ETFs still closed +$301M net, even after two heavy outflow days — institutions are not running away.
My #BinancePick view for this week:
Support: $79,300 — a daily close below $79,000 breaks the structure
Resistance: $80,800–$81,250
If the Fed stays calm, I expect a retest of $82K–$83K. One trader even placed a $68M bet on BTC above $90K after the US midterms.
Will $BTC close this week above $80,000? Yes or No — what is your pick?
Not financial advice. DYOR.
#BinancePick #BinancePick
