Three dimensional integrated trading system | BTC morning mid to short term market analysis ----BTC's subsequent fluctuations are mainly bearish, is the rebound an opportunity for short selling? My friends, the Federal Reserve's interest rate hike has landed, and Walsh's slightly hawkish statement has also been fulfilled. How will Bitcoin go next? As usual, let's first go through the multidimensional analysis of the three-dimensional integrated trading system. Macro perspective: interest rate hike implemented, but hawkish rhetoric suppresses it! The Federal Reserve raised interest rates by 25bp to 3.75% -4% in the early morning, which is in line with expectations. But the dot plot shows another interest rate hike within the year, and Walsh explicitly stated that "inflation is still too high and the duration is too long". After the BTC decision, it fell to 75355 at one point, and then the small V rebounded to above 76300. Quantity: Long positions are buying on dips, but spot demand lags behind. The data shows that there was a buying trend below 77100, and the open interest contracts rebounded from 52.1 billion to 52.15 billion. The funding rate remained positive but not overheated. This is just a bargain hunting in the sustainable market, but spot demand is clearly lagging behind. On chain: ETF outflow accelerates!! On September 15th, the net outflow of US spot ETFs was $450 million, the largest single day outflow since June. BlackRock's IBIT inflow of 150 million against the trend, but it is difficult to stop the overall decline. Structural form: 76K is a short-term watershed. BTC is currently oscillating in the range of 75500-76500, with resistance above 77200-77500 and support below 74500-75000. 76K is highly likely to be unstoppable. Xiaolong's core judgment: The implementation of interest rate hikes is considered to have exhausted all negative factors, but Walsh's hawkish rhetoric and dot matrix have weakened the rebound. BTC prices will choose to fluctuate and fall in a downward trend, testing 74.5K-75K. Based on my previous review and prediction, it is highly likely that BTC will slowly fluctuate and eventually fall to 67K-71K. At present, the risk return ratio of short-term long positions is not cost-effective in the market. Short selling at high prices means a higher profit and loss ratio. Alright, I wish everyone a new day, healthy and happy every day, and profitable investments every day!