The market is unusually quiet today.
$BTC is trading around $80,500–$80,800 after dipping below $79,200 on Saturday.
Volumes are low, volatility has dropped.
It feels like everyone is just waiting for one event — the Federal Reserve meeting on October 27–28.
What happened recently
Over the weekend the market got cleaned up pretty hard.
According to Coinglass, more than $800 million in positions were liquidated in a short period, the majority of them longs.
After that, Bitcoin quickly recovered above $80,000 and is now sitting in a tight range.
Classic pause before a major macro event.
Why this Fed meeting matters
The market has been in a state of uncertainty for several weeks.
Inflation remains a sensitive topic, and oil prices are still elevated due to geopolitical tensions.
The tone from Jerome Powell and the Fed’s comments will largely decide how quickly capital returns to risk assets.
Possible scenarios
1. Dovish or neutral tone:
If Powell doesn’t sound too hawkish, Bitcoin has a good chance of moving back toward the $82,000–$84,000 zone in the days following the meeting.
2. Hawkish tone:
In case of more aggressive language, the market could quickly retest the $78,000–$79,000 support.
A break below that zone could increase selling pressure.
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