Yesterday the released CPI was higher than expected. US stock and Cryptocurrencies dived. BTC slumped from $22899.12 and bears took control.
BTC is now out of the wide range and trying to climb back. Only by breaking up $20390.10 and holding above it for 24 hours could it successfully back into the range.
If this range continues, $21909.46 will be the center of the range. The movement is still considered weak before breaking up the center.
As bears take full control right now, we need to monitor the key support. If it’s broken, the price could slide further down the trend.
The market expected interest rate hike in September: 75bp(67%),100bp(33%)
BTC is now out of the wide range and trying to climb back. Only by breaking up $20390.10 and holding above it for 24 hours could it successfully back into the range.
If this range continues, $21909.46 will be the center of the range. The movement is still considered weak before breaking up the center.
As bears take full control right now, we need to monitor the key support. If it’s broken, the price could slide further down the trend.
The market expected interest rate hike in September: 75bp(67%),100bp(33%)
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