At 2:30 a.m., Bitcoin $BTC 80578 is still grinding just below the top of the range.
The 24-hour high and low are 80836 and 79506. Same old range: resistance at 80844 and 81033, support at 79506 and 79451. That overnight wick didn’t break through the ceiling, and the bulls’ momentum fizzled again.
The Square is now wall-to-wall FOMC talk, with 190,000 topic views. The decision comes out at 2 a.m. tomorrow, and Warsh speaks at 2:30. The market has priced in a more than 90% chance that rates stay unchanged in October. What really matters isn’t whether they hike, but whether the statement leaves the door open for December. Odds of another hike in December are hovering around 70%. If the tone is firm, the top of the range is a ceiling; if it softens, only then does 81033 get a chance to act as resistance.
Honestly, the whole market has been waiting for this one statement. $ETH 2344 is up 0.81%, SOL is at 100.85, and BNB at 749.37—all yawning along with Bitcoin. The Fear and Greed Index is at 48: neutral, neither hot nor cold.
The gainers and losers list, though, hasn’t been quiet: HAEDAL is up 30.7% on the day, $BANK is up 23%, and it’s even made the Square’s trending topics; SYN is up 11.9%. On the other side, ERA is down 4% and CHIP is down 3.4%. They were looking great yesterday, but today they’ve turned around—the rotation is as fast as a revolving lantern.
My take is simple: don’t rush to bet on one direction before the decision. The range boundaries are clear; wait for a break and then follow that side. The real risk is in what comes out of Warsh’s mouth at 2:30.
The 24-hour high and low are 80836 and 79506. Same old range: resistance at 80844 and 81033, support at 79506 and 79451. That overnight wick didn’t break through the ceiling, and the bulls’ momentum fizzled again.
The Square is now wall-to-wall FOMC talk, with 190,000 topic views. The decision comes out at 2 a.m. tomorrow, and Warsh speaks at 2:30. The market has priced in a more than 90% chance that rates stay unchanged in October. What really matters isn’t whether they hike, but whether the statement leaves the door open for December. Odds of another hike in December are hovering around 70%. If the tone is firm, the top of the range is a ceiling; if it softens, only then does 81033 get a chance to act as resistance.
Honestly, the whole market has been waiting for this one statement. $ETH 2344 is up 0.81%, SOL is at 100.85, and BNB at 749.37—all yawning along with Bitcoin. The Fear and Greed Index is at 48: neutral, neither hot nor cold.
The gainers and losers list, though, hasn’t been quiet: HAEDAL is up 30.7% on the day, $BANK is up 23%, and it’s even made the Square’s trending topics; SYN is up 11.9%. On the other side, ERA is down 4% and CHIP is down 3.4%. They were looking great yesterday, but today they’ve turned around—the rotation is as fast as a revolving lantern.
My take is simple: don’t rush to bet on one direction before the decision. The range boundaries are clear; wait for a break and then follow that side. The real risk is in what comes out of Warsh’s mouth at 2:30.
