The Fed delivers a rate hike; $75,000 becomes the line between bulls and bears
The Federal Reserve has raised rates by 25 basis points, lifting the target range for the federal funds rate to 3.75%—4.00%, and signaling that further tightening may still be in the cards. Higher interest rates typically suppress the valuation of risk assets, but this hike largely meets expectations, and BTC has not yet seen panic-driven selloffs.
As of 08:55 Beijing time on September 17, BTC is trading at about $76,400. It is up roughly 0.8% over the past 24 hours, with a trading range of $75,065—$76,561. However, the price remains below the 4-hour EMA20 (around $76,635) and the EMA50 (around $77,405), so the short-term rebound is still weak.
Key levels
First support: $75,000—$75,300
Second support: $73,500—$74,000
Strong support: $71,000—$72,000
First resistance: $76,600—$77,400
Second resistance: $78,500—$80,000
The Federal Reserve has raised rates by 25 basis points, lifting the target range for the federal funds rate to 3.75%—4.00%, and signaling that further tightening may still be in the cards. Higher interest rates typically suppress the valuation of risk assets, but this hike largely meets expectations, and BTC has not yet seen panic-driven selloffs.
As of 08:55 Beijing time on September 17, BTC is trading at about $76,400. It is up roughly 0.8% over the past 24 hours, with a trading range of $75,065—$76,561. However, the price remains below the 4-hour EMA20 (around $76,635) and the EMA50 (around $77,405), so the short-term rebound is still weak.
Key levels
First support: $75,000—$75,300
Second support: $73,500—$74,000
Strong support: $71,000—$72,000
First resistance: $76,600—$77,400
Second resistance: $78,500—$80,000