According to CoinMeta, in its market report on October 26th, it was pointed out that after BTC fell below $80,000, it continued to weaken. The situation in the Middle East and the outflow of funds from ETF exacerbated the liquidation of leveraged long positions. QCP believes that the short-term support level for BTC is at $78,000, with resistance at $86,000, followed by a range of $88,000 to $90,000. The support level for ETH is at $2,150, and the resistance level is at $2,500. Under a baseline scenario, the Federal Reserve will maintain interest rates unchanged, and BTC is likely to fluctuate within the range of $78,000 to $86,000. If the financial reports of tech giants alleviate market concerns about AI capital expenditure, BTC is expected to rebound. However, if the Federal Reserve sends stronger hawkish signals or the situation in the Middle East escalates, there could be further declines.