Bitcoin; Important trend lines
Today, the FOMC announced an issue related to interest rates, which has been confirmed to raise interest rates by 0.75 points.
As the fall that occurred a few days before the announcement seemed to reflect the interest rate issue first, a strong rise accompanied by volume (transaction volume) showed a quick recovery to 23k.
In terms of trading volume, it has occurred more than the recent peak of 24.2k, the highest trading volume, and the buying trend is also analyzed to be extremely strong.
Given the volume of transactions and the blue trend resistance, it is expected to give a very positive boost to the bitcoin market for the time being.
Currently, the short-term positions to be checked are green support lines and black resistance lines. If it goes up to the black resistance line, it seems likely to be up to 24.2k high point renewal.
It seems wise in terms of risk and profit and loss ratio to check the support and resistance I posted in the picture above and respond mainly to the long position!
Have a good day!
Today, the FOMC announced an issue related to interest rates, which has been confirmed to raise interest rates by 0.75 points.
As the fall that occurred a few days before the announcement seemed to reflect the interest rate issue first, a strong rise accompanied by volume (transaction volume) showed a quick recovery to 23k.
In terms of trading volume, it has occurred more than the recent peak of 24.2k, the highest trading volume, and the buying trend is also analyzed to be extremely strong.
Given the volume of transactions and the blue trend resistance, it is expected to give a very positive boost to the bitcoin market for the time being.
Currently, the short-term positions to be checked are green support lines and black resistance lines. If it goes up to the black resistance line, it seems likely to be up to 24.2k high point renewal.
It seems wise in terms of risk and profit and loss ratio to check the support and resistance I posted in the picture above and respond mainly to the long position!
Have a good day!