Price: ∼$79,700 - $80,000
BTC is trading below the psychological $80K level today. Down ∼0.4% since midnight UTC.
Today's range: $79,468 - $80,364
Current: Around $80,084 / $79,760 on other exchanges
Weekly trend: Down 2.5% over past week and down 2.10% on the 7-day c996f722ef1e51cb1e6f
Technical Levels:
Support: $79,278 and $79,145, with a major bid wall at $79,000 (401 BTC)
Resistance: $80,710 and $80,925, ask wall at $80,800 - $80,900
Momentum: Daily MACD at -588 (weak short-term), Weekly MACD at 2,130 (firmer long-term)
Sentiment: Fear & Greed 48 - Neutral, down from 50 yesterday 3447c996ef1eeacf
Market Drivers Today:
Fed Meeting: The Fed begins 2-day meeting today, decision Wednesday. Market pricing 90% chance of no change. Traders cautious ahead of it.
AI vs Crypto: Capital rotating to AI. Meta announced $95B capital raise and Anthropic filed for IPO aiming up to $100B - nearly $200B going to AI, not crypto. Asian tech stocks rallied (Kospi +3.1%) but crypto didn't follow.
ETF Flows: Spot BTC ETFs took in $110M on Monday after 2 days of outflows, but had seen $635.6M outflows on Oct 22.
Liquidations: Last 24h - $13.9M longs and $8.0M shorts liquidated. de0662ff0599c996
Short-term Outlook:
Consolidation below $80K with max pain at $80,000 for tomorrow's expiry. Volume is up 36% to $25.7B despite price decline - shows increased participation but no clear direction. Need to hold $79K or risk drop to $78K. Break above $80,800 wall needed for bullish continuation.
$BTC #EthereumDropsBelow$2300 #FOMCWatch #BitcoinSlipsBelow$80KAgain