🚀 Bitcoin's price soared to $28,600 on Oct. 2, but lost steam as the Ether (ETH) futures ETF launch failed to impress. 😅 Meanwhile, the Fed's warning of an economic slowdown and lackluster trading metrics put a damper on BTC's rally.

Key points:

- BTC showed short-term strength, but trading metrics reveal weak support.

- Fed's concerns about economic downturn may impact BTC price.

- Diminished activity for leverage longs and low confidence in spot BTC ETF approval.

What do you think? Will Bitcoin break through the $28,500 resistance level soon? Share your thoughts in the comments! 🤔💬