Yesterday, the price of BTC fluctuated around 58,359 yuan, and the overall trend showed a certain downward pressure. The current K-line chart shows that the price of BTC is under resistance below 60,000 yuan, and the support level below is around 58,000 yuan. If the price can hold 58,000 yuan and there is a clear rebound signal, it may return to the range of 59,000-60,000 yuan in the short term. However, if it falls below 58,000 yuan, it may further drop to 57,000 yuan or even lower.
Important market information and in-depth analysis
The founder of Sam's Rule stated: Claudia Sam, chief economist of New Century Advisors, pointed out in an article that although the US economy has not fallen into recession, it is very close, which provides a strong reason for the Federal Reserve to cut interest rates. As the unemployment rate rises, the market's risk aversion may increase, and safe-haven assets such as Bitcoin are expected to benefit. Investors should pay close attention to the Fed's next policy move, which may have a direct impact on the crypto market.
Whales buy PEPE and ETH at low prices: A whale named "cookislandstrust.eth" bought a large amount of PEPE and ETH when the market fluctuated sharply, and has made a profit of nearly 5.4%. This shows that there are still big funds in the market actively looking for opportunities, and the crypto market may rebound or rise further in the short term. This also reflects that some investors are still optimistic about the future trend of the market, especially with the strong performance of mainstream currencies such as BTC and ETH.
Technical analysis of currency gains and Bitcoin contract forecasts
RARE (current price: 0.0936 yuan): RARE has certain support near 0.0900 yuan and may fluctuate in the range of 0.0900-0.0950 yuan in the short term. If it breaks through 0.0950 yuan, it may continue to challenge 0.1000 yuan.
GLM (current price 0.3259 yuan): GLM is currently supported at 0.3200 yuan. If it stays above this price, it is expected to test the resistance level of 0.3300 yuan. After breaking through, it may further rise to 0.3400 yuan.
T (current price 0.0242 yuan): T coin shows a consolidation trend around 0.0240 yuan. If it can hold the support level of 0.0240 yuan, there may be a small rebound in the short term, but overall we need to be wary of the risk of prices falling below 0.0230 yuan.
Bitcoin contract strategy recommendations: Based on the current market sentiment and technical analysis, investors are advised to operate with caution. In the short term, you can buy on dips around 58,000 yuan and take profits in batches when it approaches 60,000 yuan. If the price falls below 58,000 yuan, it is recommended to wait and see and wait for new entry opportunities.
