BTC is near an escape from 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.
$19882.81 is still a battleground, the price will oscillate around it, concentrating between $19156.16-$19882.81. (breaking down $19156.16 will it drop to $18470.35; breaking up $19882.81 will it rise to $20454.33.)
Short-term pressure remains, but speculating capital temporarily forms a strong support at 18000, mostly between $18798.44-$19156.16. So monitor this area closely - if it’s broken, the price would slide further downward.
The market expected interest rate hike in November: 75bp(77.1%),50bp(22.9%)
$19882.81 is still a battleground, the price will oscillate around it, concentrating between $19156.16-$19882.81. (breaking down $19156.16 will it drop to $18470.35; breaking up $19882.81 will it rise to $20454.33.)
Short-term pressure remains, but speculating capital temporarily forms a strong support at 18000, mostly between $18798.44-$19156.16. So monitor this area closely - if it’s broken, the price would slide further downward.
The market expected interest rate hike in November: 75bp(77.1%),50bp(22.9%)
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