The news conference today was a simple and easy 30 minutes—done deal. Unlike Powell, who dragged it out and wasted time! Worth praising, Waller 😁😁😁
After the interest rate announcement and the end of the press conference, both US stocks and gold crashed. But crypto is still holding firm.
Whether it’s the impact of the rate hike on the 15th–16th, or the earlier sell-off, or after the US stock dump some of the chips flowed into the crypto market to push the price up—BTC still has the potential to rise again, reaching 78,600 to 79,500. Keep the breakout above 79,500 to target 80,500. For now, it’s all about whether BTC can hold above 76,500.
Honestly, after the rally on the 14th, I just don’t understand the move following it—through a short-term rapid drop. The move to 79,500 wasn’t a choppy downtrend; it was high-range consolidation. It wasn’t a quick surge upward either, but step-by-step breaking through resistance, leading the medium-term indicators to lag and then repair. In that kind of setup, even if it falls, it should get stuck around the former breakout resistance and grind there as support. Even if it breaks, it shouldn’t drop this fast—so I’m totally confused.
Plus, since the bill didn’t pass early yesterday morning, the price pulled back to 77,300 and then directly dropped to 74,900. Could this possibly be because the rate-hike effects were digested early?
From the monthly chart indicator (the overall market indicator), it’s bullish. If the price drops to 74,900 and the initial pattern in the market indicator still looks bullish—and the price has already pulled up by 20,000 points—then even after this current correction, the decline has already been 7,000 points. If the weekly indicator turns bearish, the price would have to fall by a lot further. Then this bullish market indicator would have no meaning—it would contradict the market indicator, so it wouldn’t hold.
Understanding the whole order-book of indicators: unless the weekly MACD breaks above the zero axis and turns upward, after a pullback the price should rally toward 80,500 and even break into new highs, then retract while consolidating at high levels. Only after the weekly indicator has turned bullish again, then the rally can resume—driving the monthly indicator’s bullish move to completion. The prerequisite is that the weekly MACD must form a golden cross and break above the zero axis. And right now the MACD position meets the requirements for breaking the zero axis. Let’s wait and see.
#美联储利率决议公布 $BTC
After the interest rate announcement and the end of the press conference, both US stocks and gold crashed. But crypto is still holding firm.
Whether it’s the impact of the rate hike on the 15th–16th, or the earlier sell-off, or after the US stock dump some of the chips flowed into the crypto market to push the price up—BTC still has the potential to rise again, reaching 78,600 to 79,500. Keep the breakout above 79,500 to target 80,500. For now, it’s all about whether BTC can hold above 76,500.
Honestly, after the rally on the 14th, I just don’t understand the move following it—through a short-term rapid drop. The move to 79,500 wasn’t a choppy downtrend; it was high-range consolidation. It wasn’t a quick surge upward either, but step-by-step breaking through resistance, leading the medium-term indicators to lag and then repair. In that kind of setup, even if it falls, it should get stuck around the former breakout resistance and grind there as support. Even if it breaks, it shouldn’t drop this fast—so I’m totally confused.
Plus, since the bill didn’t pass early yesterday morning, the price pulled back to 77,300 and then directly dropped to 74,900. Could this possibly be because the rate-hike effects were digested early?
From the monthly chart indicator (the overall market indicator), it’s bullish. If the price drops to 74,900 and the initial pattern in the market indicator still looks bullish—and the price has already pulled up by 20,000 points—then even after this current correction, the decline has already been 7,000 points. If the weekly indicator turns bearish, the price would have to fall by a lot further. Then this bullish market indicator would have no meaning—it would contradict the market indicator, so it wouldn’t hold.
Understanding the whole order-book of indicators: unless the weekly MACD breaks above the zero axis and turns upward, after a pullback the price should rally toward 80,500 and even break into new highs, then retract while consolidating at high levels. Only after the weekly indicator has turned bullish again, then the rally can resume—driving the monthly indicator’s bullish move to completion. The prerequisite is that the weekly MACD must form a golden cross and break above the zero axis. And right now the MACD position meets the requirements for breaking the zero axis. Let’s wait and see.
#美联储利率决议公布 $BTC
