Bitcoin / TetherUS
Panjang

Bitcoin Trend Analytics July 20th

116
Supports keep moving up and BTC is trying to establish support at the top edge of the box.

BTC is trying to confirm the breakout within the 3-day time frame. Today if the top edge of the box is not broken, it will go up against $24692.22, or else it’ll consolidate again within the box. Monitor the oscillation zone around $23000, between $23101-$22733.

Both cryptos and the Stocks rally are betting on a lower-than-expected interest rate hike or the possibility that Fed ends QT in advance. If so, bulls will take control. So keep monitoring the interest rate release on 27th. S&P500 central support is 4033.7.

The key support of the month moves up to $18764.79. (moving up is positive, vice versa)

We're still facing pressure on macro: the expected Fed's rate hike now is 75bp (65%)/ 100bp (35%)

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