Last night the Fed directly raised interest rates by 25 basis points. Affected by this news, the BTC market has been pulling back and forth, constantly poking up and down with sharp moves as both long and short sides fight fiercely. The volatility is especially large.
Overall, the larger trend is still bearish. The prior attempt that pushed up to the high at 79570 has already lost momentum, and resistance is very clear.
This rally is only a rebound and quick rebound of recovering funds after a big sell-off; it is not a full-on bull trend reversal.
Don’t mistakenly think that once this drop is over, a big uptrend will start right away. What’s happening now is just low-level sideways consolidation and repair.
The rebound is only short-term correction. The bulls have not truly taken control yet. If you want the market to be fundamentally turned around, it must break upward through the key resistance level first. Without that breakout, you still shouldn’t blindly look for longs.
Short in the 77300-77800 range, with targets to the downside: 75000#美联储加息是否已成定局 #美联储会议 $BTC
Tonight Federal Reserve interest rate decision goes on stage, and it’s time for another storm of market volatility. As early as the 14th, I mentioned that gold prices would consolidate and decline, approaching the 4300 area. Now, the current market走势 is basically in line with my prediction.
Now we just wait for the Fed’s outcome to be released this evening to verify the earlier judgment, and see whether there will be a rebound after the release that drives a move toward 4400. If things later really play out as expected—after the decision is announced gold prices turn upward and push back toward 4400—then the current price level is an opportunity to build long positions in batches.$XAU
Tonight Federal Reserve interest rate decision goes on stage, and it’s time for another storm of market volatility. As early as the 14th, I mentioned that gold prices would consolidate and decline, approaching the 4300 area. Now, the current market走势 is basically in line with my prediction.
Now we just wait for the Fed’s outcome to be released this evening to verify the earlier judgment, and see whether there will be a rebound after the release that drives a move toward 4400. If things later really play out as expected—after the decision is announced gold prices turn upward and push back toward 4400—then the current price level is an opportunity to build long positions in batches.$XAU