The Fed's decision is out, and it was no surprise. The Fed held rates steady as widely expected, but two officials argued for a hike, which shows the committee is still divided.
How the market reacted 📉
$BTC briefly pushed above $81,000 after the decision, but it was rejected again and fell back to around $80,000. That's about 1% lower over 24 hours. Momentum indicators show sellers still have the upper hand. Spot ETFs offered some cushion, with about $137 million in net inflows.
Levels to watch 🎯
🔹 Support: $79,500–$80,000, with a recent low near $79,179. If $79,000 breaks, traders will look toward $77,000–$78,000.
🔹 Resistance: Around $82,000, which has held firm so far.
The bigger picture 🗓️
Bitcoin is on track to end October about 4.1% below its October 1 price of $83,576. That's a mild month compared with many altcoins. The next catalysts are the options expiry on Oct 30 and the US midterms on Nov 3.
My take 💡
The Fed event is over, but the market hasn't picked a direction. Until BTC either holds $80K with strength or loses it cleanly, patience beats prediction. Manage risk first. 🛡️
Where do you see BTC going next: back to $82K or down to $78K?