Yesterday BTC went against $24860.73 but didn’t hold it up steadily. It’s still in the short-term bullish trend. Standing above this target for 24 hours is an effective breakout and after 3 days it shall become a solid support.
The lowest point came to $23761 a few hours ago, right within our support target of $23745 yesterday. The market is testing the support area, which diverts to $23526.69.
Short-term bullish support diverts to $23072.87.
Lower-than-expected CPI has priced in, so the bullish trend continues. However, it remains uncertain if the Fed will take it as a true turning point. We’ll monitor the decision around Sep 21-22 at 02:00(UTC+8).
The market expected interest rate hike: +50bp (61.5%); +75bp (38.5%)
The lowest point came to $23761 a few hours ago, right within our support target of $23745 yesterday. The market is testing the support area, which diverts to $23526.69.
Short-term bullish support diverts to $23072.87.
Lower-than-expected CPI has priced in, so the bullish trend continues. However, it remains uncertain if the Fed will take it as a true turning point. We’ll monitor the decision around Sep 21-22 at 02:00(UTC+8).
The market expected interest rate hike: +50bp (61.5%); +75bp (38.5%)