CPI was much lower than expected, which fueled a strong bull run for all markets except the USDX. BTC bounced from the short-term support and gathered the strength to challenge the resistance above.
According to the strength of the triangle, the resistance today diverts to $24860.73-$24597.35. This resistance has become weak and easily broken.
Short-term bullish support arrived at $22775.99, which was broken yesterday and then flipped and diverted to $22977.50.
Breakout on the triangle resistance at 24k will open up more space above.
The drop in CPI has triggered a positive expectation of slowing the pace of interest rate hikes, however, the decision is not revealed yet. We should wait for the Fed’s final decision around Sep 21-22.
According to the strength of the triangle, the resistance today diverts to $24860.73-$24597.35. This resistance has become weak and easily broken.
Short-term bullish support arrived at $22775.99, which was broken yesterday and then flipped and diverted to $22977.50.
Breakout on the triangle resistance at 24k will open up more space above.
The drop in CPI has triggered a positive expectation of slowing the pace of interest rate hikes, however, the decision is not revealed yet. We should wait for the Fed’s final decision around Sep 21-22.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.