BTCUSD: $80K Rejection — Key Levels Before the Fed Decision
BTCUSD is currently facing short-term pressure. The market is in a tug-of-war between a weakening short-term trend and the possibility of another rebound.
The Federal Reserve's decisions and the vote on the U.S. Clarity Act are key macroeconomic catalysts. Rising US Treasury yields and a stronger dollar are currently limiting upward momentum, while the $76,000 to $77,000 range remains a key area of buying support.
As long as BTC remains below $80,000, any rebound is likely to encounter selling pressure. If the market can clearly recover the $80,200 level, the bullish momentum will return, and it may once again challenge the $81,500–$82,200 range.
On the downside, a drop below $76,000 would increase the likelihood of a deeper pullback to $73,000.
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TITradingView Ideas15 Sept