September 17, $BTC Evening Analysis
Macroeconomic bearish pressure comes to fruition: the Fed’s 25 bp rate hike has been implemented, releasing some market uncertainty. With the bad news out of the way, it brings a brief respite. However, the dot plot suggests further tightening may continue within the year, and the medium term still weighs on the valuation of risk assets. MACD indicator: the 4-hour MACD forms a golden cross below the zero line, with the green histogram turning red (a bottom divergence signal), indicating weakening bearish momentum and a short-term technical need for a rebound correction. But the two lines are still below the zero line, so this is a weak-rebound category.
· Bollinger Bands: price is hugging the middle band; the Bollinger Bands are tightening, suggesting the market is about to choose a direction. If it cannot break above the middle band with strong volume, it is likely to remain range-bound or test lower again.
· Trading volume: the current rebound volume is relatively limited, occurring in a low-liquidity environment and resembling a mild drift. Be cautious about another pullback after a rebound that lacks strength.
YiFan’s personal suggestion: around 77200-78100, target around 76000-75200 (if instead it stabilizes, then it can go higher) #BTC #ETH #BTC走势分析
Macroeconomic bearish pressure comes to fruition: the Fed’s 25 bp rate hike has been implemented, releasing some market uncertainty. With the bad news out of the way, it brings a brief respite. However, the dot plot suggests further tightening may continue within the year, and the medium term still weighs on the valuation of risk assets. MACD indicator: the 4-hour MACD forms a golden cross below the zero line, with the green histogram turning red (a bottom divergence signal), indicating weakening bearish momentum and a short-term technical need for a rebound correction. But the two lines are still below the zero line, so this is a weak-rebound category.
· Bollinger Bands: price is hugging the middle band; the Bollinger Bands are tightening, suggesting the market is about to choose a direction. If it cannot break above the middle band with strong volume, it is likely to remain range-bound or test lower again.
· Trading volume: the current rebound volume is relatively limited, occurring in a low-liquidity environment and resembling a mild drift. Be cautious about another pullback after a rebound that lacks strength.
YiFan’s personal suggestion: around 77200-78100, target around 76000-75200 (if instead it stabilizes, then it can go higher) #BTC #ETH #BTC走势分析
