The US March non-farm payrolls data was also released last night. The unexpected negative news did not surprise us, and it should be said that it has further strengthened our decision to prioritize bearishness within the cycle.
After all, the recent employment and economic data affected by seasonality cannot make us have greater expectations for bulls.
Affected by this round of unexpected negative news, the FOMC will also be more cautious in making interest rate cuts this year, so we should lower our expectations for bulls in the short term.
Looking at the market again, we can see that Bitcoin is currently suppressed by the upper track in 4 hours and has never been able to break through, indicating that the upper resistance is strong. The 1-hour K-line stands above the middle track, and the upward trend has no continuity, stopping at around 68100. For this reason, we will continue to short the market in the future! #大盘走势 #新币挖矿 $BTC $ETH $BNB
Lunchtime operation: Bearish around 68000-68500, target at 67000, defense band 500 points