BitMidas

Bitcoin Trend Analytics October 21

BINANCE:BTCUSDT   Bitcoin / TetherUS
All the resistances are diverted downward. BTC keeps chopping.

BTC runs in a narrow range, formulating a consolidation before a breakout.

Breaking up the first intraday resistance for 4-8 hours will the chop come to an end; breaking up the 2nd intraday resistance for 4-8 hours will it gather more strength. Breaking down the intraday support will the price fall down further. Now BTC is under pressure.

Before breaking up $19920.03, BTC runs under pressure. Taking hold of it for 24 hours, short-term bulls will drive the price up. It’s still a battleground today.

The market expected interest rate hike in November: 75bp(97.5%),50bp(2.5%)


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