$BTC/USD(BTCUSD.HAS)🚨 Bitcoin: Calm Before the Next Big Move?📉 Technical Overview• Price right now: $80,238, pulling b…
$BTC/USD(BTCUSD.HAS)
🚨 Bitcoin: Calm Before the Next Big Move?
📉 Technical Overview
• Price right now: $80,238, pulling back from near $86,000
• 4-hour RSI: Around 38–39, getting close to oversold. Selling is heavy short-term, but a pause or bounce may be forming
• Daily RSI: Around 42–47. Bullish momentum has faded, so the recovery path remains fragile
🏛️ What’s Moving the Market
• Fed Meeting 27-28 October 26
Traders are positioning cautiously ahead of the decision. Rate moves and liquidity trends will decide which way we break next
• US Elections 3 Nov:
Policy and regulatory uncertainty are keeping investors careful. Big money is waiting on the sidelines for now
🎯 What to Watch
Expect bigger swings over the next two weeks as the market stays in wait-and-see mode.
Key support sits between $75,000 and $78,000. Once we get clearer direction from the Fed and election results, history suggests a post-event relief rally could follow.
Not financial and investment advice.do your own due diligence.
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