Bitcoin market:
The unemployment data just now stimulated the rebound of Bitcoin, but we still say what we said yesterday. In the decline of Bitcoin, rebound is normal, especially when it touches the integer level, which may stimulate a lot of buying volume around it. But whether the stimulated buying volume can successfully break through the key position with market sentiment, complete the consolidation and stabilization, adjust the K line, and change the short-term trend is very important.
Most of the data in the picture can still use yesterday's picture, and adjust the resistance position.
The upper short-term resistance, the key position of the daily line is 63,000. If it stabilizes, at least the daily sentiment will be better.
The previous support completes the stabilization and consolidation, and then continue to look at the upper weekly EMA7 position of 65,700.
The lower support, yesterday we said that the vicinity of 61,200 can only be regarded as a buffer, and it was indeed pierced up and down, without resistance.
Then we continue to look at the buying volume stimulated by the 60,000 integer level.
Continuing to explore is still the effective support of the previous wave of weekly Bollinger bands near 57,000.
The RSI index has fallen back to around 40. If the price of Bitcoin hits the oversold rebound sentiment below 30 before falling below 60,000, then it will help the breakthrough near 60,000 in the short term.
Many people expect the US stock market to drive the crypto market after the opening. To be honest, the situation this week is basically that the US stock market sentiment seems to be rising, but it is actually tense. My only hope is not to attract money from the crypto market, let alone bring Bitcoin.
Let's not talk nonsense. If you want to change the downward trend in the short term, Bitcoin needs to break through and stabilize at 63,000, complete consolidation, shock, and repair and adjust the daily trend, so as to change the daily trend in the short term. However, it is still difficult at present. Now the decline needs to touch the core buying volume to bring a wave of effective breakthroughs.
Continue to look at market data later.
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The release of the initial jobless claims data tonight has once again consolidated the risk market's optimistic expectations for the Fed's rate cut. In fact, what I want to say is that initial jobless claims are related to the unemployment rate, but it is not necessarily a causal relationship. There are also many other factors that affect it. However, the Fed hopes that the market will think that it is an inevitable relationship, and at the same time let the media to brew and exaggerate the data, so as to guide market expectations and adjust the market structure and dynamics.
Under market expectations, the US dollar index fell slightly, the US Treasury yields fell, and the US Treasury prices rose. It is expected that the US stock market will rise tonight. How much it will rise and how much it can maintain, but it still depends on the market's sentiment towards the stock market. Data regulation can only guide the market's sentiment.
At present, the US dollar index remains above 105, the rise in US Treasury prices maintains a high ability to attract money, and the US stock market remains stable. Through market expectations, one stone kills three birds.
US technology stocks rose slightly before the market. It is worth noting that A shares and Hang Seng closed with gains during the day, while the Nikkei index closed with a decline.
Gold prices fluctuated greatly due to data guidance, rising to $2,329 before falling back to $2,314. Crude oil prices fell from $84 and are currently at $83.56.
CME Bitcoin futures prices are quoted at around 61,715, continuing to maintain a 300-point positive premium with the spot price. The premium value is normal and falls within the normal sentiment range.
After Bitcoin prices fell back to around 60,600 in the short term, they rebounded due to market data. Can the US stock market continue to rise when it opens later? Let's take a look at the Bitcoin market later.
#BTC走势分析