The support formed the other days during the slide held the price, resulting in an upward diversion of the intraday support. All the supports underneath diverted up, moving more positively than in previous days. However, a downward risk is not released. More strong movements are needed to see positive data.
Breaking up and holding above $19784.57-$19913.87 will BTC reclaim key support and avoid a second slide.
The first week only saw a 3.692 billion tapering, considerably smaller than that of $26 billion by the end of last month. So its influence is limited and could be taken as a positive interpretation by the market. US stock led the bounce.
The market expected interest rate hike in September: 50bp(14%),75bp(86%)
Breaking up and holding above $19784.57-$19913.87 will BTC reclaim key support and avoid a second slide.
The first week only saw a 3.692 billion tapering, considerably smaller than that of $26 billion by the end of last month. So its influence is limited and could be taken as a positive interpretation by the market. US stock led the bounce.
The market expected interest rate hike in September: 50bp(14%),75bp(86%)
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