#BTC
BTC Opinion Update:
The Fed rate hike has also been carried out, and there hasn’t been a big crash. The market has already priced in the bad news; after it was implemented, there was even a slight rebound!
In terms of price action, the support zone below the trading range has held and caused a rebound. However, it doesn’t look particularly strong at the moment. The key point to watch is around 782.00!
If the rebound breaks above the key level, it could continue to strengthen and test the overhead resistance zone at 82.5k–83k. A breakout from that may trigger a new leg up, with the expected resistance zone at 98k–100k!
On the downside, continue to watch the support zone. If there is a valid breakdown on the four-hour chart, the price may continue falling. The key support zone below is at 69k–70k!
BTC Opinion Update:
The Fed rate hike has also been carried out, and there hasn’t been a big crash. The market has already priced in the bad news; after it was implemented, there was even a slight rebound!
In terms of price action, the support zone below the trading range has held and caused a rebound. However, it doesn’t look particularly strong at the moment. The key point to watch is around 782.00!
If the rebound breaks above the key level, it could continue to strengthen and test the overhead resistance zone at 82.5k–83k. A breakout from that may trigger a new leg up, with the expected resistance zone at 98k–100k!
On the downside, continue to watch the support zone. If there is a valid breakdown on the four-hour chart, the price may continue falling. The key support zone below is at 69k–70k!
