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BTC (For Reference Only)
BTC has attempted to break out to the upside three times, yet the resistance has held firm.
It has tested the 80,000 level three times, only to get rejected each time and pushed back down.
Every time bulls try to stage a rally, an invisible wall overhead suppresses the price lower with pinpoint precision and cold rigidity. The resistance at this level is far beyond simple technical explanation — it represents a triple resonance of market sentiment, capital flows, and overall expectations.
The market has declined for two consecutive days, and the correction is far from over. Sentiment has shifted from euphoria to wait-and-see, and is gradually slipping into anxiety.
The real suspense lies in tonight’s events.
The Fed’s FOMC policy decision followed by Powell’s speech are two major upcoming catalysts. They will be the core variables defining Bitcoin’s short-term trend. The whole market is waiting, anticipating the turning point, hanging on every word from Powell.
A critical warning: once price breaks below the key trendline, an accelerated downside move will become inevitable.
Zastrzeżenie: Treść na OKX Orbiter ma charakter wyłącznie informacyjny. Dowiedz się więcej
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