Yesterday BTC held $20746, but it’s not holding steadily. Today only by confirming the support of $20746 and continuing to break up $22413.35 could bulls retain the momentum.
$20746 is the short-term support, breaking down from which brings the market into a negative movement towards the lower edge of the box and key support of the month. $22413.35 is the key resistance today, breaking up will encourage bulls to march against the turning point.
The key support of the month diverts to $18309.81, which either holds and sees the price jump up to break the turning point and go up higher OR is broken and BTC plunges further.
Watch out for the risks of market volatility as of the time of the press release of fed's decision.
Fed’s rate hike expectation: +75bp (75.1%) / +100bp (24.9%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
$20746 is the short-term support, breaking down from which brings the market into a negative movement towards the lower edge of the box and key support of the month. $22413.35 is the key resistance today, breaking up will encourage bulls to march against the turning point.
The key support of the month diverts to $18309.81, which either holds and sees the price jump up to break the turning point and go up higher OR is broken and BTC plunges further.
Watch out for the risks of market volatility as of the time of the press release of fed's decision.
Fed’s rate hike expectation: +75bp (75.1%) / +100bp (24.9%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.