Yesterday bulls failed to take the key price point, which prevents the price from rising above the diverted $19534.40.
Today BTC temporarily runs between $19534.40-$18453.78. Breaking up $19534.40 for 24 hours will BTC see a temporary relief from a second slide; breaking down $18453.78 will see a second slide toward $18175.02-$18006.71.
Interest rate hike prediction:
<75bp, a strong rebound
=75bp, strong fluctuation (causing the liquidation of both longs and shorts) and then slide
>75bp, crash
As the FOMC meeting draws near, uncertainty becomes even more prominent in the price movement. Set protections for your positions.
Today BTC temporarily runs between $19534.40-$18453.78. Breaking up $19534.40 for 24 hours will BTC see a temporary relief from a second slide; breaking down $18453.78 will see a second slide toward $18175.02-$18006.71.
Interest rate hike prediction:
<75bp, a strong rebound
=75bp, strong fluctuation (causing the liquidation of both longs and shorts) and then slide
>75bp, crash
As the FOMC meeting draws near, uncertainty becomes even more prominent in the price movement. Set protections for your positions.
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