$BTC/USD(BTCUSD.HAS)

🏆 [Weekly] Bitcoin Market Outlook: Macro vs. Technicals

Bitcoin is steady around $81,874 after pulling back from its recent high near $88,000. The RSI has cooled off and showing a neutral momentum.

Currently everyone is watching what the central banks will do next.

🚨 Macro Factors to Watch

• Inflation Remains High: CPI came in at 3.7% year-on-year and PPI at 6.3%. Both are keeping US Treasury yields elevated and markets cautious.

• FOMC Meeting Coming Up Oct 27–28: The Federal Reserve’s decision on interest rates will set the direction for all risk assets including Bitcoin.

🎯 Key Price Levels

🔴 Major Resistance: $87,500 to $88,000

🟠 Key Pivot Zone: $83,500 to $84,500. Bitcoin needs to break above here to turn momentum bullish again

🔵 Nearby Support: $80,000 to $81,000

🟢 Stronger Macro Support: $75,500 to $76,000

🔮 Two Possible Paths Ahead

• 🦅 If the Fed Is Hawkish: Losing the $80,000 level could trigger more selling, pushing Bitcoin toward $75,500 to $76,000

• 🕊️ If the Fed Is Dovish: Breaking above $83,500 to $84,500 would open the way to retest the highs near $87,500 to $88,000

How are you positioned ahead of the Fed meeting? 👇

Not financial and investment advice. Do your own due diligence and happy weekend to you ☺️.