After the Fed’s rate hike was implemented, BTC quickly repaired and rebounded from around $76,000 to regain the $80,000 level.
On September 18, the single-day gain was close to 6%. This suggests that the market had already priced in this rate hike in advance. Oil prices and the yield on the 10-year U.S. Treasury also pulled back, giving risk assets some breathing room.
Technically, around $82,000 is still the upper bound of the prior range. Only after breaking through and holding above it will there be a chance to open up new upside space. On the downside, first look at $78,000, with further support at $75,000–$76,000.
Going forward, key things to watch include spot inflows, stablecoin supply, and the U.S. Dollar Index.
If the price rises but leverage and funding rates heat up quickly, be cautious of a potential surge followed by a pullback. You can follow BTC’s real-time行情 and market changes via BiyaPay.
#BTC #比特币 #ETH #加密市场 #BiyaPay
On September 18, the single-day gain was close to 6%. This suggests that the market had already priced in this rate hike in advance. Oil prices and the yield on the 10-year U.S. Treasury also pulled back, giving risk assets some breathing room.
Technically, around $82,000 is still the upper bound of the prior range. Only after breaking through and holding above it will there be a chance to open up new upside space. On the downside, first look at $78,000, with further support at $75,000–$76,000.
Going forward, key things to watch include spot inflows, stablecoin supply, and the U.S. Dollar Index.
If the price rises but leverage and funding rates heat up quickly, be cautious of a potential surge followed by a pullback. You can follow BTC’s real-time行情 and market changes via BiyaPay.
#BTC #比特币 #ETH #加密市场 #BiyaPay
