bitbank: Bitcoin stalls near $85K ahead of FOMC, rangebound at $80K–$85K
- —BTC trades around 12.8 million yen after retreating from 13.4 million yen this week
- —Futures price roughly 90% odds of an October hold and 70%+ for a December hike
- —The key is not the rate decision itself but Warsh's guidance on the hiking path
- —Deribit options structure near $80,000 is unchanged after the selloff, offering support
Why it matters: The FOMC outcome and PCE/GDP data will set BTC's direction; softer data would cut hike odds and support a rebound.
Source: CoinPost