Yesterday we mentioned BTC fell down and consolidate, today it’s running in the box and is testing the key of $20900-$20746.
If $20900-$20746 were broken, it will keep falling to test the lower edge of the box and the key support of the month.
The key support of the month has diverted to $18317.41, which either holds and sees the price jump up to break the turning point and go up higher OR is broken and BTC plunges further.
Fed’s rate hike expectation: +75bp (77.5%) / +100bp (22.5%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.