Bitcoin price is currently holding steady around 80,500 as the market prepares for a busy week of political and economic updates.

It has been a relatively calm start to the week for Bitcoin price action. After dipping to a low of approximately 79,400 earlier on Tuesday, the asset managed to bounce back and stabilize above the 80,000 mark. It seems the digital currency is showing some resilience while investors wait for the next big move.

There is a lot on the horizon that could influence market sentiment. We are looking at both the upcoming U.S. midterm elections and a highly anticipated decision from the Federal Reserve regarding interest rates. These two events are keeping many participants on their toes as they try to gauge the broader economic direction.

It is almost like the market is holding its breath, waiti

Why it matters 💡

These upcoming events could bring some extra movement to the market, so it is a great time to stay updated on the latest news. Watching how these macro factors interact with Bitcoin will be key to understanding the current trend.

4H signal view on $BTC 📊

Long 🟢

Entry 80,151 - 80,530

TP 82,406 - 83,782 - 85,503

SL 78,620

RSI 49 still has room to move. MACD momentum is leaning up. This one goes against the EMA200 trend.

$BTC $ETH $BNB #BTC #Bitcoin #CryptoNews #Fed #MarketUpdate

ℹ️ News roundup from public sources, not financial advice.