The key for Bitcoin to avoid further declines is that this week's closing price must not fall below $81,000.
Bitcoin needs to close above the critical $81,000 weekly level to avoid more downside volatility before next week's Federal Open Market Committee (FOMC) meeting. A weekly closing price above $81,000 will be crucial to preventing further declines for Bitcoin, and holding above this level will indicate resilience. However, if it falls below $76,000, it may trigger more short-term selling pressure.
According to the latest estimates from the FedWatch Tool, the market currently expects a 98% chance that the Federal Reserve will maintain stable interest rates.