Yesterday $21005.51 held the price and BTC went up, breaking the key support and building up strength to break up the turning point.
Today the turning point is $23536.82.
The market priced in the 75bp interest rate hike. Powell boosted the market confidence by acknowledging that ‘the pace of rate hikes could slow at some point’.
Short-term movement is between $21656.65-$23536.82. Breaking the resistance will open up more space above. The next strong resistance concentrates at $26586.53.
Now it needs to confirm holding on the upper line of the box. The key support of the month has moved up.
Today the turning point is $23536.82.
The market priced in the 75bp interest rate hike. Powell boosted the market confidence by acknowledging that ‘the pace of rate hikes could slow at some point’.
Short-term movement is between $21656.65-$23536.82. Breaking the resistance will open up more space above. The next strong resistance concentrates at $26586.53.
Now it needs to confirm holding on the upper line of the box. The key support of the month has moved up.