[09/16] Beast Trading _ Today's Bitcoin Analysis
[09/16] Beast Trading _ Today's Bitcoin Analysis
After the Ethereum Merge event yesterday, there was a strong shaking movement up and down, hitting a high point after 16:00, creeping down, and a strong drop occurred after the opening of the Nasdaq.
Bitcoin also fell due to a sharp drop in Ethereum, renewing its low point.
Overall, the stock market situation is judged to be bad.
As the U.S. Cpi index is higher than expected, inflation is not as well set as the Fed's expectations, and the probability of further promoting interest rate hikes is increasing.
After the unexpected increase of 100bp at once appeared, the probability is gradually increasing.
As a result, NASDAQ has entered a downward trend again, breaking 12,000 points, and Bitcoin is also weakening.
Let's take an approach in terms of technical analysis.
First of all, Bitcoin began to plunge with a cpi announcement at 22.8k, and as I said before, that position was in contact with the downward trend from 69k.
Because it was resisted without breaking through that position, it can be seen as a negative situation, and the current movement is considered to be in the trend of declining expansion.
So far, there has been no sign of a rebound, and 19.8k was a support for sale, but it is now acting as a resistance.
If 19.8k falls without penetration, the downward trend is likely to continue.
The support line below will be 19,000, which is 0.886 digits of the previous increase, and 18500 lines, which is the double bottom.
If the downward trend continues and leaves to 18.5k, the probability of renewing the 17.6k low point is very high.
Let's buy and sell with a low point renewal in mind!
After the Ethereum Merge event yesterday, there was a strong shaking movement up and down, hitting a high point after 16:00, creeping down, and a strong drop occurred after the opening of the Nasdaq.
Bitcoin also fell due to a sharp drop in Ethereum, renewing its low point.
Overall, the stock market situation is judged to be bad.
As the U.S. Cpi index is higher than expected, inflation is not as well set as the Fed's expectations, and the probability of further promoting interest rate hikes is increasing.
After the unexpected increase of 100bp at once appeared, the probability is gradually increasing.
As a result, NASDAQ has entered a downward trend again, breaking 12,000 points, and Bitcoin is also weakening.
Let's take an approach in terms of technical analysis.
First of all, Bitcoin began to plunge with a cpi announcement at 22.8k, and as I said before, that position was in contact with the downward trend from 69k.
Because it was resisted without breaking through that position, it can be seen as a negative situation, and the current movement is considered to be in the trend of declining expansion.
So far, there has been no sign of a rebound, and 19.8k was a support for sale, but it is now acting as a resistance.
If 19.8k falls without penetration, the downward trend is likely to continue.
The support line below will be 19,000, which is 0.886 digits of the previous increase, and 18500 lines, which is the double bottom.
If the downward trend continues and leaves to 18.5k, the probability of renewing the 17.6k low point is very high.
Let's buy and sell with a low point renewal in mind!
כתב ויתור
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