9.17 Intraday Bitcoin and Ethereum Market Summary
Although the Fed's rate hike news came early this morning, Bitcoin's price remained firmly above the 75,000 level. After all, with the probability of a rate hike having continued to rise previously, the hike seemed almost certain, and the market had already priced in part of it. Bitcoin climbed to around 76,700 in the morning session before facing resistance, then remained above the 76,000 level. By evening, the price tested the resistance around 77,000 several times, but failed to achieve an effective breakout for now and was quickly pushed back down by the bears. The bulls and bears are still engaged in intense trading, with the overall price fluctuating within the 76,000–77,000 range.
Ethereum's intraday bullish momentum remained relatively strong today. Early this morning, the bulls and bears likewise pulled back and forth within the range, and from the morning session, the price gradually moved toward the resistance above, initially breaking through 2,450 in the afternoon. In the evening session, the short-term overall trend continued to form higher highs and higher lows, with the current highest price reaching 2,482. Although the market did not surge sharply throughout the day, it still showed a pattern of range-bound upward movement. Our approach today was to follow the rebound as the market developed, consistently emphasizing low-level long positioning and maintaining an upside outlook. Although Bitcoin did not reach today's target of 78,000 and Ethereum has not yet reached 2,500, those who followed the short-term long strategy at lower levels should have had no problem taking profits. Going forward, we can continue to follow the trend. $BTC #美联储三年来首次加息25个基点 $ETH