#比特币走势观察 BTC dynamic analysis
With $BTC rising along with the US stock market yesterday, the whole market became active, but the good times did not last long. A lot of things were mixed together and the US stock market might be upset tonight.
Judging from the gossip before the market, the US stock market may not be so smooth tonight. The US dollar fell a bit after the US released the inflation report last night, and the risk market took the opportunity to rise. But Trump jumped out and said he did not recognize the report, and the market was confused again, and the US dollar rose a little. Although it did not rise back to the original state, the bulls in the risk market are already a little scared.
There are also Wednesday's small non-agricultural, Friday's big non-agricultural, and unemployment data, which are all about to be released. I personally think that unless there is something really bad, the impact of these data on the market may become smaller and smaller. But the market is still afraid of being caught off guard by the data.
Let's take a look at the US stock market tonight. It may not be a good start. At the close of the early morning, the Nasdaq and S&P rose, but the Dow and Russell fell a little. Big money is still going to technology stocks and big companies.
BTC needs to keep an eye on its support level. Now the price of BTC has fallen from a high point and returned to the previous range. But as long as the two support levels of 99,000 weekly MA7 and 98,500 daily middle track are not broken, we don't need to be too nervous. If BTC rises again, we have to see if the resistance level of 101,800 can be broken.
And ETH, the support of 3580 is also very important. If it breaks through, we have to keep an eye on the new target of 3710.
The technical indicator RSI index is now 59. It rushed to 63 last night and did not go up again. It has not reached the point of callback. This shows that BTC still has the momentum to rise. Moreover, BTC contracts are 1,000 points more expensive than spot, which also shows that there are still many bullish people in the contract market.
Although BTC has risen and fallen again, it is still in a relatively optimistic position. The risk sentiment on the US stock market tonight is not very good, but as long as BTC does not fall below the key support level, we don't have to worry too much. As long as the employment data is not too bad, the market will be stable. As for the sharp decline in the non-agricultural data, it may have been offset by other factors, so we don’t have to worry so much.
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