Yesterday and today's technical analysis of spot BTC and today's market forecast
Yesterday, the price of Bitcoin fluctuated in a narrow range around 57,409 yuan, forming a short-term support level. Technical indicators show that the RSI in the daily chart is close to the oversold area, and MACD is also hovering at a low level, suggesting that the selling pressure has eased. If the support of 57,000 yuan can be maintained, BTC is expected to rebound to above 58,000 yuan, but if it falls below, it may continue to fall to around 56,000 yuan. Today, we need to pay attention to the impact of US economic data and the market's reaction.
Important and valuable information in the past one or two days
New progress in the Ripple case: Ripple was fined $125 million in the SEC lawsuit, a significant reduction from the $2 billion the SEC initially requested. Ripple CEO expressed optimism about this, believing it is a victory for the industry. This move may boost XRP's market sentiment and drive its price up.
Expectations of Fed rate cuts increase: Former New York Fed President Dudley turned from a hawk to a dovish one, suggesting that the Fed cut interest rates as soon as possible to avoid an economic recession. If this expectation is recognized by the market, it will help risk assets including Bitcoin rebound.
WIF, XRP, XLM price increase analysis and Bitcoin contract forecast
WIF, XRP, XLM: Real-time data shows that XRP has risen significantly within 24 hours due to the positive progress of the lawsuit, and the current price has rebounded to around $0.61. XLM has also risen due to this boost, while WIF has performed relatively steadily, but the trend is still positive. In the short term, XRP is expected to continue to rise, with a target price of $1.9.
Bitcoin contract forecast: The current Bitcoin price is 57,409 yuan. In the short term, you can consider placing long orders above 57,000 yuan with a light position, and set the target at 58,000 yuan. The stop loss can be placed below 56,500 yuan. Pay attention to controlling the position to avoid the risks brought by market fluctuations.
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