AltSignals.io Analysis 🎯

😀BTC/USDT 😀

BTC daily candle closing was red at $20, 151. BTC Support is at $20,000 and Resistance is at $20,500.🔓

BTC experienced high volatility during the Federal Funds Rate decision and FOMC press conference✍️. BTC price pumped and tried to break the $20,800 resistance following the 75 BPS interest rate hike decision but as soon as the market got confirmation of no positive statement of lower interest rate hikes in future during the FOMC press conference, BTC dropped to the $20,000 support level⬇️.

Looking at the 4-hour chart,200 EMA support is at $19,800-900.🔝

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2.0K viewsNov 3, 2022 at 07:42

😀BTC/USDT 😀

BTC daily candle closing was red at $20, 151. BTC Support is at $20,000 and Resistance is at $20,500.🔓

BTC experienced high volatility during the Federal Funds Rate decision and FOMC press conference✍️. BTC price pumped and tried to break the $20,800 resistance following the 75 BPS interest rate hike decision but as soon as the market got confirmation of no positive statement of lower interest rate hikes in future during the FOMC press conference, BTC dropped to the $20,000 support level⬇️.

Looking at the 4-hour chart,200 EMA support is at $19,800-900.🔝