Bitfinex Alpha says BTC has traded in a $77,100–$81,300 range for 20 sessions and is sitting near the lower end of that band. Options markets are rolling hedges into the September 18 FOMC expiry, and a break above $81,300 could open a path toward $86,500.
Matters because: The range compression suggests the market is waiting for the Fed decision before choosing direction, while altcoin perpetual open interest moving above Bitcoin's points to rising correction risk.