Bitcoin slipped under $80K on Saturday (low around $79.2K) and has been hovering around that line since.

What's weighing on it:

- Iran tensions pushing oil up, which feeds inflation fears

- Leveraged long positions getting liquidated on the way down

- About $773M pulled from Bitcoin ETFs over Thursday and Friday

- Everyone de-risking before the Fed

The Fed announces its rate decision Wednesday at 2 p.m. ET. Markets mostly expect a hold, but the Fed already hiked in September and a December hike is widely expected. A surprise hike Wednesday would probably hit crypto hard.

Levels people are watching: around $79K support, $78K below that, and $82K to look healthy again.

Not financial advice. What are you doing before Wednesday? Holding, selling, or waiting to buy the dip?