BTC again went down on the key support, which held the price. But now the strength of supporting the price has weakened. If it’s broken, BTC could slide further down the trend.
Today, only by breaking $20543.56 could BTC come back into the wide consolidation range. $21887.17 should be the center of the range. The movement is still considered weak before breaking up the center.
$18328 area is the next support if it slides down. If the key support is broken and BTC slides down here without a pullback, a second slide will happen; otherwise, this area can hold the price and stabilize the trend. (Refer to Sep 7)
The market expected interest rate hike in September: 75bp(80%),100bp(20%)
Today, only by breaking $20543.56 could BTC come back into the wide consolidation range. $21887.17 should be the center of the range. The movement is still considered weak before breaking up the center.
$18328 area is the next support if it slides down. If the key support is broken and BTC slides down here without a pullback, a second slide will happen; otherwise, this area can hold the price and stabilize the trend. (Refer to Sep 7)
The market expected interest rate hike in September: 75bp(80%),100bp(20%)