Last night, the Federal Reserve directly raised rates by 25 basis points. Affected by this news, the BTC/“big coin” price action kept tugging back and forth—constantly driving up and down with sharp wick movements as both long and short sides fought fiercely, with particularly large volatility.
Overall, the larger trend is still bearish. That earlier push to the high around 79,570 has already failed to keep going, and resistance is very clear.
This rally is only a rebound after a big selloff—an oversold bounce to recoup losses. It does not mean the market has fully turned bullish.
Don’t assume that once the drop is over, a big rally will immediately begin. Right now, it’s just choppy consolidation and repair in a low range.
The rebound is only short-term correction, and the bulls have not truly gained control. For the trend to decisively reverse, price must break upward through the key resistance level. Until that happens, you still shouldn’t blindly look for longs.
For selling, you can short within the 77,300–77,800 range, with targets down toward 75000#美联储加息是否已成定局 #美联储会议 $BTC
Overall, the larger trend is still bearish. That earlier push to the high around 79,570 has already failed to keep going, and resistance is very clear.
This rally is only a rebound after a big selloff—an oversold bounce to recoup losses. It does not mean the market has fully turned bullish.
Don’t assume that once the drop is over, a big rally will immediately begin. Right now, it’s just choppy consolidation and repair in a low range.
The rebound is only short-term correction, and the bulls have not truly gained control. For the trend to decisively reverse, price must break upward through the key resistance level. Until that happens, you still shouldn’t blindly look for longs.
For selling, you can short within the 77,300–77,800 range, with targets down toward 75000#美联储加息是否已成定局 #美联储会议 $BTC
