Bitcoin Trend Analytics May June 15th - risks accumulate
BTC is running bearish in a steeper downward channel. The lower line of the channel comes to $15267.44 today. (As shown in the chart)
The expectation of FOMC’s decision now shows 6.3% for +50bp; 93.7% for +75bp; 0% +25%bp .
The market agrees on 20k as key support, an astute point at $20222.47. Nevertheless, monitor the next support is $18457.23.
Fed’s decision will be settled at 02:00 June 16th (UTC+8). Previous rate 1%; expected rate 1.5%. Lower than expectation, bullish; equal to 1.5%, slightly bearish; higher than expectation, bearish.
Watch out for the risks of high volatility at the time of the release.
The expectation of FOMC’s decision now shows 6.3% for +50bp; 93.7% for +75bp; 0% +25%bp .
The market agrees on 20k as key support, an astute point at $20222.47. Nevertheless, monitor the next support is $18457.23.
Fed’s decision will be settled at 02:00 June 16th (UTC+8). Previous rate 1%; expected rate 1.5%. Lower than expectation, bullish; equal to 1.5%, slightly bearish; higher than expectation, bearish.
Watch out for the risks of high volatility at the time of the release.