$BTC is currently trading around $83.6K and has faced rejection near the $87K resistance zone. Short-term momentum has weakened, but the broader structure is not completely bearish.
Key Levels:
🔴 Resistance: $86.5K–$87K
🟢 Support: $83.3K–$84.6K
⚠️ Major Support: $82.5K
🚀 Bullish Target: $90K
📉 Bearish Target: $80K
Outlook:
A strong reclaim of $87K could bring buyers back and open the path toward $90K. However, a breakdown below $83K could increase selling pressure and push BTC toward the $80K area.
Bias: Cautiously Bearish in the short term.#FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #SP500AndNasdaqHitRecordHighs #USMortgageRatesRiseTo7.49%