Fed decision day, part two — and $80K is still the line. ⚡…
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Fed decision day, part two — and $80K is still the line. ⚡
Bitcoin is trading near $80,100 this morning, after dipping to ~$79,600 overnight. Yesterday it spiked above $81,700 right after the Fed held rates at 3.75–4% (10–2 vote, two dissenters wanting a hike), then gave it back as tech earnings — Samsung, Alphabet — dragged risk sentiment down. Chair Warsh gave no December signal. The next data point, September PCE, is still ahead.
Underneath, demand through listed products held up: U.S. spot Bitcoin ETFs took in $137M on Wednesday, a third straight day of inflows — $424M over three sessions. The concentration is the caveat: $136M of Wednesday's flow came through IBIT alone. Broad participation is still thin.
Levels, not predictions: $80,000 is the line to hold on a close. Below it, $79,500–$79,600 is the overnight dip zone. Above, $81,500–$81,800 is the first overhead supply — the 20-day average sits there too.
Process over prediction: wait for the close and the next data, not the headline wick. No trade call here — just the tape, the flows, and the discipline to let confirmation come first. 🧱⚡
#Bitcoin #BTC
Bitcoin is trading near $80,100 this morning, after dipping to ~$79,600 overnight. Yesterday it spiked above $81,700 right after the Fed held rates at 3.75–4% (10–2 vote, two dissenters wanting a hike), then gave it back as tech earnings — Samsung, Alphabet — dragged risk sentiment down. Chair Warsh gave no December signal. The next data point, September PCE, is still ahead.
Underneath, demand through listed products held up: U.S. spot Bitcoin ETFs took in $137M on Wednesday, a third straight day of inflows — $424M over three sessions. The concentration is the caveat: $136M of Wednesday's flow came through IBIT alone. Broad participation is still thin.
Levels, not predictions: $80,000 is the line to hold on a close. Below it, $79,500–$79,600 is the overnight dip zone. Above, $81,500–$81,800 is the first overhead supply — the 20-day average sits there too.
Process over prediction: wait for the close and the next data, not the headline wick. No trade call here — just the tape, the flows, and the discipline to let confirmation come first. 🧱⚡
#Bitcoin #BTC
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