BTC is still hovering near $83,400. After the release of the Fed minutes, neither $82.9K nor $84K was truly broken through.
In this hour, there hasn’t been a fresh sharp sell-off. BTC remains range-bound between $82,896 and $84,000. The real new information comes from the Fed: the September minutes show that most officials believe another rate hike may still be needed before the end of the year, but there is a clear split over whether the September hike would be a “precautionary move” or the start of continued tightening. If BTC regains and holds above $84,000, then watch the $85K area. If BTC falls back below $82,896, the first level to watch is the recent true low at $82,630. After the minutes were released, the price still hasn’t chosen a direction—instead, it has made these two trigger levels even more important.
In this hour, there hasn’t been a fresh sharp sell-off. BTC remains range-bound between $82,896 and $84,000. The real new information comes from the Fed: the September minutes show that most officials believe another rate hike may still be needed before the end of the year, but there is a clear split over whether the September hike would be a “precautionary move” or the start of continued tightening. If BTC regains and holds above $84,000, then watch the $85K area. If BTC falls back below $82,896, the first level to watch is the recent true low at $82,630. After the minutes were released, the price still hasn’t chosen a direction—instead, it has made these two trigger levels even more important.