$BTC 9.17 BTC Market Analysis
This rate hike by 25 basis points did not see any so-called “heaven and earth needle” for Bitcoin. The market is relatively calm.
The MACD bottom on the weekly/5-day lines is trending downward; the 3-day line level has an “invisible” pattern.
On the medium-term level, the 12-hour timeframe has reclaimed the EMA line above; the 8-hour timeframe shows an invisible pattern (green against red).
On the 2/1-hour level, the market is at the base; the 30-minute line crosses above the zero axis.
Intraday upper resistance: 76880, 77423, 77800, 78309.
Intraday lower support: 76050, 75413, 74667, 73872.
It needs to hold above 76930 in order to open up the upside; otherwise, it will keep grinding back and forth within the trading range.
This rate hike by 25 basis points did not see any so-called “heaven and earth needle” for Bitcoin. The market is relatively calm.
The MACD bottom on the weekly/5-day lines is trending downward; the 3-day line level has an “invisible” pattern.
On the medium-term level, the 12-hour timeframe has reclaimed the EMA line above; the 8-hour timeframe shows an invisible pattern (green against red).
On the 2/1-hour level, the market is at the base; the 30-minute line crosses above the zero axis.
Intraday upper resistance: 76880, 77423, 77800, 78309.
Intraday lower support: 76050, 75413, 74667, 73872.
It needs to hold above 76930 in order to open up the upside; otherwise, it will keep grinding back and forth within the trading range.
