Supports keep moving up and BTC is trying to establish support at the top edge of the box.
BTC is trying to confirm the breakout within the 3-day time frame. Today if the top edge of the box is not broken, it will go up against $24692.22, or else it’ll consolidate again within the box. Monitor the oscillation zone around $23000, between $23101-$22733.
Both cryptos and the Stocks rally are betting on a lower-than-expected interest rate hike or the possibility that Fed ends QT in advance. If so, bulls will take control. So keep monitoring the interest rate release on 27th. S&P500 central support is 4033.7.
The key support of the month moves up to $18764.79. (moving up is positive, vice versa)
We're still facing pressure on macro: the expected Fed's rate hike now is 75bp (65%)/ 100bp (35%)
BTC is trying to confirm the breakout within the 3-day time frame. Today if the top edge of the box is not broken, it will go up against $24692.22, or else it’ll consolidate again within the box. Monitor the oscillation zone around $23000, between $23101-$22733.
Both cryptos and the Stocks rally are betting on a lower-than-expected interest rate hike or the possibility that Fed ends QT in advance. If so, bulls will take control. So keep monitoring the interest rate release on 27th. S&P500 central support is 4033.7.
The key support of the month moves up to $18764.79. (moving up is positive, vice versa)
We're still facing pressure on macro: the expected Fed's rate hike now is 75bp (65%)/ 100bp (35%)