BitMidas

Bitcoin Trend Analytics October 21

BINANCE:BTCUSDT   Bitcoin / TetherUS
All the resistances are diverted downward. BTC keeps chopping.

BTC runs in a narrow range, formulating a consolidation before a breakout.

Breaking up the first intraday resistance for 4-8 hours will the chop come to an end; breaking up the 2nd intraday resistance for 4-8 hours will it gather more strength. Breaking down the intraday support will the price fall down further. Now BTC is under pressure.

Before breaking up $19920.03, BTC runs under pressure. Taking hold of it for 24 hours, short-term bulls will drive the price up. It’s still a battleground today.

The market expected interest rate hike in November: 75bp(97.5%),50bp(2.5%)


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.