🔥 Bitcoin Loses Its Price Anchor After $6.4 Billion Options Expiry. Will the Fed Replace It? — Bitcoin's price anchor is gone after a $6.4B options expiry, directly impacting BTC price action and setting up Fed-driven volatility.
Bro, last night a big anchor for Bitcoin got lifted — a $6.4 billion options expiry, and it removed the “magnet” that everyone was watching for price action. Now the question is: will the Fed replace it? Because the next big move will be decided there, and BTC is currently hanging right above a pivot — at $79,361, which is just $100 below the critical pivot at $79,458. This zone is knife-edge right now. Look, RSI is at 55.9, which is neutral—neither overbought nor oversold, just sitting in the middle. MACD is slightly bearish, but volume is very thin, at 0.17x average—so this move could be fake for now too. Support at $77,741 looks solid, and resistance at $80,000 is a big wall—that’s where a breakout or breakdown will be decided. Personally, I think holding the $79,458 pivot is the most important; if it breaks, then a deep support test at $76,670 will happen. But if the Fed turns dovish and $80K gets crossed, then a short squeeze could ignite. Now you tell me—will this pivot level hold, or will the Fed’s signal knock it down? Comment which side you’re on?
#Trading #Binance #Bitcoin #Crypto #Forex
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Disclaimer: My personal analysis, not financial advice. DYOR.
Bro, last night a big anchor for Bitcoin got lifted — a $6.4 billion options expiry, and it removed the “magnet” that everyone was watching for price action. Now the question is: will the Fed replace it? Because the next big move will be decided there, and BTC is currently hanging right above a pivot — at $79,361, which is just $100 below the critical pivot at $79,458. This zone is knife-edge right now. Look, RSI is at 55.9, which is neutral—neither overbought nor oversold, just sitting in the middle. MACD is slightly bearish, but volume is very thin, at 0.17x average—so this move could be fake for now too. Support at $77,741 looks solid, and resistance at $80,000 is a big wall—that’s where a breakout or breakdown will be decided. Personally, I think holding the $79,458 pivot is the most important; if it breaks, then a deep support test at $76,670 will happen. But if the Fed turns dovish and $80K gets crossed, then a short squeeze could ignite. Now you tell me—will this pivot level hold, or will the Fed’s signal knock it down? Comment which side you’re on?
#Trading #Binance #Bitcoin #Crypto #Forex
--
Disclaimer: My personal analysis, not financial advice. DYOR.
