BTC is about to leave the downward channel with the highest slope. After that, the trend will develop into new patterns. It is likely to keep fluctuating based on the current data. Strength is contracting, cultivating a breakout.
$19882.81 is still a battleground, the price will oscillate around it, today concentrating between $19109.09-$19882.81. (breaking down $19109.09 will it drop to $18489.00; breaking up $19882.81 will it rise to $20454.33.)
Short-term pressure remains, with shrinking liquidity and act of cautiousness.
Speculative capital mostly concentrates between $18798.44-$19108.80. So monitor this area closely - if it’s broken, the price would slide further downward.
The market expected interest rate hike in November: 75bp(82%),50bp(18%)
$19882.81 is still a battleground, the price will oscillate around it, today concentrating between $19109.09-$19882.81. (breaking down $19109.09 will it drop to $18489.00; breaking up $19882.81 will it rise to $20454.33.)
Short-term pressure remains, with shrinking liquidity and act of cautiousness.
Speculative capital mostly concentrates between $18798.44-$19108.80. So monitor this area closely - if it’s broken, the price would slide further downward.
The market expected interest rate hike in November: 75bp(82%),50bp(18%)