BTC has broken below its rising structure and is testing the $76.6K support area.
Binance has begun restoring withdrawals following its security breach, but reported net outflows of about $4.72B since reopening are keeping market sentiment cautious.
BTC broke above $80,764 and pushed toward $81.7K, but the rally has since faced selling pressure.
Meanwhile, USDT.D is testing support near 6.70%. A breakdown could favour further BTC upside as stablecoin dominance falls, but confirmation is needed.
╭─ KEY LEVELS ─╮
🟢 BTC support: $80K
🔴 Resistance: $81.5K–$81.8K
🎯 Upside: $83,351 → $85,166
⚠️ Downside: $79,053
USDT.D support: 6.70%
Possible downside target: 6.52%
╰──────────────╯
📊 SCENARIOS
Bullish: USDT.D breaks below 6.70% while BTC reclaims $81.5K–$81.8K. A move toward $83.35K becomes possible.
Bearish: USDT.D rebounds and BTC loses $80K. A retest of $79,053 may follow.
Macro watch: The Fed held rates, but its cautious stance leaves uncertainty around future policy. Risk sentiment and buying volume remain important.
Bias: Wait for confirmation. The next move depends on whether BTC reclaims resistance or loses support.
BTC has broken above our $80,764 resistance and is trading near $80,825.
The next test is $81,270–$81,487. A clean break could open the way toward $83,351, while rejection may bring a retest of the breakout zone.
╭─ KEY LEVELS ─╮
🟢 Retest zone: $80,500–$80,764
🔴 Next resistance: $81,270–$81,487
🎯 Upside targets: $83,351 → $85,166
🛡️ Support: $80,000
⚠️ Lower support: $79,053
╰──────────────╯
🌐 Macro watch: The Fed decision on Oct. 28 could increase volatility. Rising oil prices and inflation concerns remain risks for BTC.
What to watch: Can BTC hold above $80,764 and break $81,487, or will sellers force a retest? $BTC #crypto #FedMeeting
PromadoX
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$BTC /USDT
Bitcoin remains under pressure near $80K as traders await the Fed’s October 28 decision. ETF inflows offered some support, but selling pressure remains a concern.
The descending channel favours caution. A reclaim of $80.8K could support a bounce, while rejection risks another test of support.
╭─ KEY LEVELS ─╮
🟢 Buy zone: $79.8K–$80.2K
🟩 Support: $79.65K–$80K
🔴 Resistance: $80.76K
🔴 Major resistance: $81.49K
🎯 Upside: $81.49K → $83.35K
⚠️ Downside: $79.05K → $77.45K
╰──────────────╯
Bias: Cautious. Watch the Fed catalyst and price reaction at $80K. #NFA $BTC
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