Bitcoin is at a crossroads — it’s either $128 or $122 and lower.

Bitcoin is currently in a sensitive zone, closely watching Japan’s upcoming election — a potential victory by Sanae Takaichi could influence market sentiment. The FED’s meeting on October 29 also stands as a crucial event, though the primary focus is on whether the U.S. government shutdown will persist for too long. Technically, $122K acts as strong support, with $128K as the next key resistance. A healthy correction toward $118K could serve as a base for renewed upside momentum. Meanwhile, SOL, ETC, and LTC have yet to begin their upward moves, suggesting potential lagging rallies once BTC stabilizes.