878000 Key Level! R's Rate Hike Surge, Is It a Crash or a Golden Pit?
This morning's rate hike surge caused Bitcoin to briefly rally but it failed to break 87,600! Analysis of news and technicals suggests a short-term rebound, cautious mid-term, and beware of a second bottom!
News: Officially announcing a rate hike, historically BTC has fallen over 20% after rate hikes! This time, the expected increase has been priced in early, which may weaken the impact, but risk must be guarded!
Technical: 86,000 is a key support level; holding it could lead to a rebound. Resistance above first looks at 89,000, with an ultimate resistance at 90,000. MACD remains below the zero line, indicating weak momentum; the rebound is not a reversal! Support below at 84,000, strong support at 80,500; a break below 80,500 could trigger a panic sell!
Personal View: Short-term, look for a rebound; after the rebound, consider short positions. Resistance at 89,000-90,000, with the dividing line between bulls and bears at 87,600. Bottom support at 81,000-80,000; this range is suitable for long positions!
Retail Trader Operation Guide: ✅ Light Position: Currently testing long with small position, stop loss below 86,300, target 88,000-88,500 ✅ Heavy Position: Reduce longs on rebound, decisively cut around 89,000-89,500, keep cash for better opportunities ✅ Short Position: Don't go all-in blindly, wait for 2 signals: volume breakout above 89,500 to go long; stabilize at 84,000 and buy in stages
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878000 Key Level! R's Rate Hike Surge, Is It a Crash or a Golden Pit?
This morning's rate hike surge caused Bitcoin to briefly rally but it failed to break 87,600! Analysis of news and technicals suggests a short-term rebound, cautious mid-term, and beware of a second bottom!
News: Officially announcing a rate hike, historically BTC has fallen over 20% after rate hikes! This time, the expected increase has been priced in early, which may weaken the impact, but risk must be guarded!
Technical: 86,000 is a key support level; holding it could lead to a rebound. Resistance above first looks at 89,000, with an ultimate resistance at 90,000.
MACD remains below the zero line, indicating weak momentum; the rebound is not a reversal!
Support below at 84,000, strong support at 80,500; a break below 80,500 could trigger a panic sell!
Personal View:
Short-term, look for a rebound; after the rebound, consider short positions. Resistance at 89,000-90,000, with the dividing line between bulls and bears at 87,600.
Bottom support at 81,000-80,000; this range is suitable for long positions!
Retail Trader Operation Guide:
✅ Light Position: Currently testing long with small position, stop loss below 86,300, target 88,000-88,500
✅ Heavy Position: Reduce longs on rebound, decisively cut around 89,000-89,500, keep cash for better opportunities
✅ Short Position: Don't go all-in blindly, wait for 2 signals: volume breakout above 89,500 to go long; stabilize at 84,000 and buy in stages
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