$BTC Holds $80K Going Into a Packed Week 🎯
Bitcoin is trading around $80,160 on Binance spot (-0.56%) after a weekend that briefly pushed it below $80K (low near $79.2K). It’s down roughly 3-4% on the week.
Relative strength vs BTC right now:
🟢 $TRX +0.98%
⚪ $SOL +0.01%
⚪ $DOGE 0.00%
⚪ $BNB -0.04%
🔴 $ETH -0.52%
🔴 $DOT -0.71%
🔴 $ADA -0.78%
Only $TRX is clearly outperforming. Most majors are moving with BTC.
This week’s catalysts:
Wed, Oct 28: Fed decision. Futures price about a 90% chance of a hold, so the tone of the statement matters more than the rate.
Fri, Oct 30: About $11B in options expire, which can cause sharp moves.
Next Tue, Nov 3: US midterm elections.
Chart check: BTC is below its 50-day average (about $81.9K) with RSI near 41. Volatility has compressed, which often comes before a bigger move, but the direction isn’t clear yet.
Levels:
Support: $80K, then $79.2K (weekend low), then $78K
Resistance: $81.9K, then $84-85K
My take: Too many catalysts are stacked in one week for me to force a view. I’m watching how BTC reacts around $80K and staying patient.
Where do you think BTC closes the week: above $82K or below $78K? 👇
Not financial advice. DYOR.
#BTC #Fed #CryptoNews #Binance #TRX
$BTC
Bitcoin is trading around $80,160 on Binance spot (-0.56%) after a weekend that briefly pushed it below $80K (low near $79.2K). It’s down roughly 3-4% on the week.
Relative strength vs BTC right now:
🟢 $TRX +0.98%
⚪ $SOL +0.01%
⚪ $DOGE 0.00%
⚪ $BNB -0.04%
🔴 $ETH -0.52%
🔴 $DOT -0.71%
🔴 $ADA -0.78%
Only $TRX is clearly outperforming. Most majors are moving with BTC.
This week’s catalysts:
Wed, Oct 28: Fed decision. Futures price about a 90% chance of a hold, so the tone of the statement matters more than the rate.
Fri, Oct 30: About $11B in options expire, which can cause sharp moves.
Next Tue, Nov 3: US midterm elections.
Chart check: BTC is below its 50-day average (about $81.9K) with RSI near 41. Volatility has compressed, which often comes before a bigger move, but the direction isn’t clear yet.
Levels:
Support: $80K, then $79.2K (weekend low), then $78K
Resistance: $81.9K, then $84-85K
My take: Too many catalysts are stacked in one week for me to force a view. I’m watching how BTC reacts around $80K and staying patient.
Where do you think BTC closes the week: above $82K or below $78K? 👇
Not financial advice. DYOR.
#BTC #Fed #CryptoNews #Binance #TRX
$BTC