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The Wire — B.R.O.

Bitcoin Holds Line at $113k as Market Awaits FOMC Outcome

Your daily access to the backroom

,   and  Blockhead
3 min read

Key takeaways

  • Bitcoin is holding the $113,000 support band as the market braces for today’s FOMC meeting.
  • ETF activity remains constructive: Bitcoin ETFs added $202 million on Oct. 28, marking four consecutive days of inflows while Ethereum ETFs added $246 million.
  • Macro tailwinds (cooling labor signals, US–China potential agreement) support risk assets, but flows are below the intensity of cycle-leading rallies.
  • Derivatives and cost-basis maps show heavy supply near $117,000, a decisive resistance level while downside support sits at $111,000–$112,000.
  • Tactical posture: range trade with event risk; err on the side of capital preservation ahead of FOMC.

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