The Fed's decision is out, and it was no surprise. The Fed held rates steady as widely expected, but two officials argued for a hike, which shows the committee is still divided.
How the market reacted đ
$BTC briefly pushed above $81,000 after the decision, but it was rejected again and fell back to around $80,000. That's about 1% lower over 24 hours. Momentum indicators show sellers still have the upper hand. Spot ETFs offered some cushion, with about $137 million in net inflows.
Levels to watch đŻ
đč Support: $79,500â$80,000, with a recent low near $79,179. If $79,000 breaks, traders will look toward $77,000â$78,000.
đč Resistance: Around $82,000, which has held firm so far.
The bigger picture đïž
Bitcoin is on track to end October about 4.1% below its October 1 price of $83,576. That's a mild month compared with many altcoins. The next catalysts are the options expiry on Oct 30 and the US midterms on Nov 3.
My take đĄ
The Fed event is over, but the market hasn't picked a direction. Until BTC either holds $80K with strength or loses it cleanly, patience beats prediction. Manage risk first. đĄïž
Where do you see BTC going next: back to $82K or down to $78K?