Good afternoon again, and $BTC is doing its best impression of a guest who refuses to leave the hallway. Near $80,600 after dipping to $79,221, it sits below every short term average in one weekend read, with the 7 day average near $81,870, the 20 day near $82,364 and the 50 day near $81,861. That is a funny kind of patience test right before the Fed meeting on Oct 27 to 28, with one Oct 25 technical read flagging resistance near $81,483 and $82,418 and support near $80,117.
The majors are not helping the mood much either. $ETH trades near $2,342, down about 1.3% on the day, and SOL sits near $102, barely moved, while the market waits for a catalyst big enough to matter. A quiet tape into a Fed week can feel boring, but boring is usually when the next move quietly loads up.
So here is the Sunday question. Does $BTC reclaim $81,500 first and turn this hallway into a road to higher ground, or does the $80,117 support get tested again before the Fed even speaks?
#BinancePick #MarketsPriceJust10%ChanceOfFedHikeNextWeek
The majors are not helping the mood much either. $ETH trades near $2,342, down about 1.3% on the day, and SOL sits near $102, barely moved, while the market waits for a catalyst big enough to matter. A quiet tape into a Fed week can feel boring, but boring is usually when the next move quietly loads up.
So here is the Sunday question. Does $BTC reclaim $81,500 first and turn this hallway into a road to higher ground, or does the $80,117 support get tested again before the Fed even speaks?
#BinancePick #MarketsPriceJust10%ChanceOfFedHikeNextWeek