BTC is still moving between the narrow day range. The key support on August 19 sustained the price till now. It’s diverted down slightly.
Short-term positions are tightly concentrated, resulting in the price jumping violently up and down until a breakout. Pump and pullback from 8:00-11:00 today are easily seen again.
3. Breaking up and holding above $20469.97 will the bulls take hold; breaking down the key support without pullback for 24 hours will the bears take control.
QT doubles in September. Fed lifts the upper limit of QT to 95 billion (60 billion treasury bonds + 35 billion MBS). The market is under the pressure of quick and massive liquidity drainage.
The market expected interest rate hike in September: 50bp(39%),75bp(61%)
Short-term positions are tightly concentrated, resulting in the price jumping violently up and down until a breakout. Pump and pullback from 8:00-11:00 today are easily seen again.
3. Breaking up and holding above $20469.97 will the bulls take hold; breaking down the key support without pullback for 24 hours will the bears take control.
QT doubles in September. Fed lifts the upper limit of QT to 95 billion (60 billion treasury bonds + 35 billion MBS). The market is under the pressure of quick and massive liquidity drainage.
The market expected interest rate hike in September: 50bp(39%),75bp(61%)