This week, the Federal Reserve will release the minutes of its September meeting. The wording on its rate-cut path will directly influence the U.S. dollar and risk assets. I expect the minutes to lean hawkish, but markets have already priced in some of that, so BTC may face short-term pressure, with limited downside. Looking at the market, the price is 85705.1, up 0.6%; both the hourly and four-hour trends are upward, and the price is 6.76% above the four-hour low, showing resilience. However, the order book’s buy/sell ratio is 0.48, with 1,690 sell orders versus 817 buy orders, indicating clear selling pressure. The funding rate of 0.0032% is relatively neutral, and open interest of 30,000 coins suggests leverage is not overheated. Strategy: place a long order on a pullback near 84937.5, with a stop-loss at 84305 and a target of 86656. If the price rises to 86656 and meets resistance, consider a small short position, with a stop-loss at 87210 and a target of 85530. Keep position size below 30%. Volatility may increase before and after the minutes are released, so be sure to use stop-losses.

——For personal views only; this does not constitute investment advice. Wishing you successful trading.——

$BTC#The Fed will release the minutes from its September meeting this week