[Huobi HTX Chief Analyst Cloud: Bitcoin Likely to Continue Consolidation Before Rate Decision, $80,000 Lower Bound May Be Tested First] Bitcoin has been stuck in the $80,000 to $84,000 range over the past two weeks. Huobi HTX Chief Analyst Cloud believes this is essentially due to two opposing forces canceling each other out: ETFs have seen net outflows for two consecutive weeks, while exchange holdings continue to decline, and long-term holders are only moderately cashing out. In the week leading up to the Federal Reserve's rate decision, Bitcoin is likely to remain in the range, waiting for direction. CME has priced in only a 16% chance of a rate hike in October, while economists generally believe the odds are closer to 50-50. This gap between pricing and differing opinions makes it difficult for funds to place bets in advance. If a direction is chosen ahead of time, the likelihood of testing downward is slightly higher: funding rates remain elevated, and options skew continues to favor puts, indicating that bullish positions have not yet been fully cleared and demand for downside protection is increasing. However, the $80,000 level has provided effective support multiple times over the past month, making a downward breakout more likely to be a false breakout.