btc 766,000 yuan, buy near the current price and you can enter; keep room for averaging down. First target: 80,000; if it breaks above, then keep watching 82,000.
Stop-loss: if it falls below 730,000, this structure is broken.
The bad news is already priced in. Last night the rate hike came in at 25 basis points—first time in three years. The BTC didn’t drop; it actually moved a bit higher. Everyone knew this was coming; they couldn’t smash it into a real pit.
On the dot-plot, there’s still one more expected within this year—also in line with expectations; all 16 officials see it this way. If they really only do the hike once at year-end, the market should really take off.
The price action is also holding up. On September 4, it surged to 813,000; after that, it corrected for almost two weeks. Yesterday the low was 756,000 and it didn’t go lower. The bottom has been built step by step: July 1 was 586,000, August 19 was 647,000, and this time 756,000—each time the dips are shallower than the last. Over 30 days, it’s still up nearly 20%.
In the short term, it’s just a matter of a rebound—go for the push. #BTC $BTC
Stop-loss: if it falls below 730,000, this structure is broken.
The bad news is already priced in. Last night the rate hike came in at 25 basis points—first time in three years. The BTC didn’t drop; it actually moved a bit higher. Everyone knew this was coming; they couldn’t smash it into a real pit.
On the dot-plot, there’s still one more expected within this year—also in line with expectations; all 16 officials see it this way. If they really only do the hike once at year-end, the market should really take off.
The price action is also holding up. On September 4, it surged to 813,000; after that, it corrected for almost two weeks. Yesterday the low was 756,000 and it didn’t go lower. The bottom has been built step by step: July 1 was 586,000, August 19 was 647,000, and this time 756,000—each time the dips are shallower than the last. Over 30 days, it’s still up nearly 20%.
In the short term, it’s just a matter of a rebound—go for the push. #BTC $BTC
