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Good afternoon, Bitcoin on CME opened Gap down and updated the break, nothing good for growth. Right now bitcoin is trading below 18500 and the seller is still working, as long as the price is below 18500, there is a high probability to go to the breaks, and at least 14 thousand. Tomorrow will be the interest rate decision, so it is better not to hurry
Long
To continue the local upward movement, the Bitcoin needs to fix above 18500, the nearest resistance level is 19200.
Short
If bitcoin does not hold 17900, let's go for a break-up, maybe even to 14k.
Tomorrow is the September 21 decision about the US interest rate. If it will be 100 B.P., we will face a huge plunge.
P.S.
In the analysis of the instrument I do not keep to the time frame, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, a couple more secrets, but you already have some ready-made material)))
Translated with www.DeepL.com/Translator (free version)
Good afternoon, Bitcoin on CME opened Gap down and updated the break, nothing good for growth. Right now bitcoin is trading below 18500 and the seller is still working, as long as the price is below 18500, there is a high probability to go to the breaks, and at least 14 thousand. Tomorrow will be the interest rate decision, so it is better not to hurry
Long
To continue the local upward movement, the Bitcoin needs to fix above 18500, the nearest resistance level is 19200.
Short
If bitcoin does not hold 17900, let's go for a break-up, maybe even to 14k.
Tomorrow is the September 21 decision about the US interest rate. If it will be 100 B.P., we will face a huge plunge.
P.S.
In the analysis of the instrument I do not keep to the time frame, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, a couple more secrets, but you already have some ready-made material)))
Translated with www.DeepL.com/Translator (free version)
Good luck and save your deposits
