$BTC Intraday trading ideas 9.16
Yesterday ETF net outflows were over $200 million. I also checked the BTC main order concentration, and it’s extremely dispersed. Yesterday, the main players were also selling. The reason is to reduce risk ahead of tonight’s early-morning Federal Reserve interest rate decision.
During the day, it’s still a choppy market with a bearish bias. Watch the 745~788 range—today will definitely see big fluctuations. The risk is higher, but the potential reward is also high.
✅ Support levels:
75,500
75,000
74,300
✅ Resistance levels:
76,500
77,000
78,000
🔽📉 Short-selling strategy
Entry: When the price is near the resistance zone, open short positions in batches.
Take profit: 74,500 (initial); if it continues falling, look for 72,800.
🔼📈 Long strategy
Entry: When the price retraces to the 74,500 support and stabilizes, go long in batches.
Take profit: 77,000 (initial); if it breaks out, look for 78,800.
Yesterday ETF net outflows were over $200 million. I also checked the BTC main order concentration, and it’s extremely dispersed. Yesterday, the main players were also selling. The reason is to reduce risk ahead of tonight’s early-morning Federal Reserve interest rate decision.
During the day, it’s still a choppy market with a bearish bias. Watch the 745~788 range—today will definitely see big fluctuations. The risk is higher, but the potential reward is also high.
✅ Support levels:
75,500
75,000
74,300
✅ Resistance levels:
76,500
77,000
78,000
🔽📉 Short-selling strategy
Entry: When the price is near the resistance zone, open short positions in batches.
Take profit: 74,500 (initial); if it continues falling, look for 72,800.
🔼📈 Long strategy
Entry: When the price retraces to the 74,500 support and stabilizes, go long in batches.
Take profit: 77,000 (initial); if it breaks out, look for 78,800.
