[Wintermute: Bitcoin Needs to Reclaim $82,000-$82,500 to Resume Uptrend] BlockBeats reported on October 27th that Bitcoin fell 2.43% last week, marking its third consecutive week of decline, breaking below the $82,500 support level and retesting the $80,000 mark. On the macro front, rising energy prices and inflation concerns are replacing AI funding issues as the main market risk. Bitcoin's recent price action is highly correlated with the Nasdaq and AI-related stocks, and ETF fund flows are also showing two-way fluctuations. The Federal Reserve's interest rate decision and policy statements will be a significant catalyst for Bitcoin's short-term price movement. If Bitcoin fails to hold $80,000, the next key support level is $76,000; a decisive break below this level could see the price further decline to the $70,000 range. In the short term, Bitcoin needs to reclaim the $82,000-$82,500 range to resume its upward trend. If the Federal Reserve signals a hawkish stance, the market may reassess its expectations for a December rate hike, pushing up yields and exacerbating downward pressure on Bitcoin. Conversely, if policy statements leave room for a December decision, it could create conditions for a Bitcoin rebound. Currently, market confidence lacks directional direction, and caution will persist until the Fed's decision and the release of US Q3 GDP and September Personal Consumption Expenditures (PCE) data. If the Fed signals a dovish stance, but subsequent PCE inflation data is higher than expected, the market may sell off tech stocks due to renewed inflationary pressures, dragging down Bitcoin. The institution emphasizes that it is not explicitly bearish at present, but remains cautious until Bitcoin reclaims $82,500. [Original Link]