📉 BTC slips below $80K as Fed week opens
Bitcoin fell as much as 1.4% to under $79,300 before trading around $79,800, down 0.37% on the day. The drop follows $772.4M of outflows from US spot Bitcoin ETFs on Thursday and Friday — a sharp reversal from $1B+ inflows earlier in the week.
Key levels I'm watching:
• Support: $79,000–$79,500, then $77,500–$77,700
• Resistance: $80,700–$81,200
• A recovery above $81,200 improves momentum; losing $79,000 weakens the structure.
The Fed meeting starts tomorrow (Oct 27–28). Risk is off until then. Not financial advice.
Bitcoin fell as much as 1.4% to under $79,300 before trading around $79,800, down 0.37% on the day. The drop follows $772.4M of outflows from US spot Bitcoin ETFs on Thursday and Friday — a sharp reversal from $1B+ inflows earlier in the week.
Key levels I'm watching:
• Support: $79,000–$79,500, then $77,500–$77,700
• Resistance: $80,700–$81,200
• A recovery above $81,200 improves momentum; losing $79,000 weakens the structure.
The Fed meeting starts tomorrow (Oct 27–28). Risk is off until then. Not financial advice.