#本周将公布10月FOMC利率决议
The Nasdaq has had multiple consecutive daily gains, and BTC also has a chance to stabilize and rebound around eighty thousand!
$BTC has not been able to mount a decent rebound after falling back from around $84,800.
Looking at the 4-hour chart, although the price has temporarily stabilized near $80,000 and the decline has slowed, the rebound highs are still being pushed lower, and the short-term moving averages have not been recovered.
The external environment has eased somewhat in the short term, with Nasdaq futures rebounding and U.S. Treasury yields falling, which is a tailwind for BTC, but this week is not easy. The Fed meeting, GDP, PCE, and tech giant earnings reports will be released consecutively, and any unexpected results could cause amplified volatility in both the U.S. stock market and BTC.
Therefore, I am not very optimistic about this week.
It looks more like a technical correction within a weak consolidation phase, and there are currently no conditions to directly trigger a new round of upward movement.
On the downside, first watch $79,400–$80,000; if this level does not hold, the price will likely test $78,000.
On the upside, first reclaim $81,600–$82,000 and then stabilize above $83,000; only then can the rebound be considered truly strong, with a chance to challenge $85,000 again.
The area around $80,000 has been sideways for quite some time, with bulls and bears both waiting for this week's data and the U.S. stock market to provide direction. If negative news hits and BTC still cannot break below $80,000, it indicates effective support below; if the environment warms but the price still cannot surpass $82,000–$83,000, it means the selling pressure above is heavier than expected.
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