BTC dey 78K resistance as Fed hold rates; ETF money dem comot & short positions dey the focus

BTC dey test di $78K resistance area after Federal Reserve left interest rates unchanged. Di article link di move to “Fed uncertainty” not di policy decision itself, with markets wey dey price about 90% odds say rates go remain steady thru year-end. Dis situation na headwind for crypto demand. Technicals mix but cautious. BTC dey trade around high-$78K/near $78.4K zone with RSI(14) near neutral (~61) and short-term trend dey sideways. Supertrend dey described as bearish, meaning rallies into resistance fit meet selling pressure. Key levels: resistance near $79.4K (then ~$83.1K) and support around ~$78.2K, with deeper support near ~$75.7K. Positioning and institutional flow dey add volatility risk. US spot Bitcoin ETFs reportedly record about $138M net outflows on April 29, while Morgan Stanley’s MSBT see smaller inflow. Futures positioning heavy short with record net shorts and falling volatility, fit keep BTC range-bound—but e also raise short-squeeze risk if BTC break and hold above resistance. Overall, BTC dey face constrained, range-driven setup: easing spot selling fit limit downside, but Fed-led uncertainty and bearish short-term signals near resistance keep upside break attempts hard.