CoinMeta data: According to Glassnode, the selling pressure on Bitcoin is weakening, with the volatility over the past month dropping to around 25%. Since August, the realized losses triggered by each decline have continued to narrow. Currently, Bitcoin is in a range-bound oscillation, and the market is focusing on the Federal Reserve's interest rate decision on October 28th. The price of Bitcoin has fallen back below the $84,000 to $85,000 range. In the past two weeks, there has been a net inflow of about $67 million in US spot Bitcoin ETF. On Binance's spot order book, there is support from buy orders amounting to about $42 million in the $78,000 to $79,000 range. The interest rate decision will directly affect the pace of tightening or loosening of global liquidity, and the market's betting on the interest rate path has entered a critical period. The policy direction will reshape the valuation logic of risky assets. Investors need to be highly vigilant against the sharp fluctuations brought about by policy shifts; the interest rate decision is the core variable affecting financial market pricing at present.