Bitcoin gave back a more than 2% gain after the latest Personal Consumption Expenditures (PCE) inflation release, falling from above $85,500 to around $83,500. ViaBTC chief analyst Jeff Ko and Bitget Wallet research lead Lacie Zhang identify $82,000 as a key support level for October, while Zhang sees a potential range of $78,000 to $95,000 and a decisive breakout level at $87,500. The $82,000-$82,500 area overlaps with liquidation clusters, and a sustained move below $80,000 would invalidate Zhang’s seasonal bullish setup. Institutional buying will need to absorb profit-taking by long-term holders and miner sales for gains to continue. U.S. spot Bitcoin ETFs received roughly $2.4 billion last week before daily net inflows slowed to $31.1 million on Sep. 28, while Strategy purchased 1,665 BTC to bring its holdings to 847,666 BTC. Ko also cited $2.3 billion of inflows into Bitcoin funds and $644 million into Ethereum funds since last week. Headline PCE rose 0.3% month over month and 3.4% year over year, while core PCE rose 0.2% monthly and 3.0% annually, below the expectations Ko cited. October rate-hike odds fell to 38.2% from 70.9% a week earlier, although Zhang’s base case remains a quarter-point increase at the Oct. 28 Fed meeting. The Sep. 29 employment report, Sep. 14 CPI release, and later third-quarter GDP and September PCE data on Oct. 29 are expected to influence rate expectations and crypto-market positioning.