Similar to the analysis yesterday, BTC is about to leave the channel and develop into new sideway patterns.
Yesterday BTC went down to test $18798.44, with short-term capital inflow. The price dropped with increasing fund outflow and in the next 5 hours saw small capital inflow. The latter is larger than the former, so the price is kept at this level. But the inflow is not enough to form a reversal at the moment.
Monitor this area - if the support is broken down, BTC could slide down. Set protections.
$19882.81 is still a battleground. Only by taking hold of it could it reach neutral or the movement is still bearish.
Now the price is pegged to 19k with shrinking volumes. BTC could possibly survive the release of CPI .
The market expected interest rate hike in November: 75bp(77.7%),50bp(22.3%)
Yesterday BTC went down to test $18798.44, with short-term capital inflow. The price dropped with increasing fund outflow and in the next 5 hours saw small capital inflow. The latter is larger than the former, so the price is kept at this level. But the inflow is not enough to form a reversal at the moment.
Monitor this area - if the support is broken down, BTC could slide down. Set protections.
$19882.81 is still a battleground. Only by taking hold of it could it reach neutral or the movement is still bearish.
Now the price is pegged to 19k with shrinking volumes. BTC could possibly survive the release of CPI .
The market expected interest rate hike in November: 75bp(77.7%),50bp(22.3%)
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.