BTC summary at night
Tonight's data is bearish
The previous value of the number of unemployment benefits for the week was 24.5, the expected value was 23.8, and the announced value was 23.5, which is bearish;
The initial value of the real GDP annual rate in the second quarter was 1.4% in the previous value, 2% in the expected value, and 2.8% in the announced value, which is bearish for interest rate cuts. The US economy is very strong under the high interest rate on the surface;
Actual personal consumption expenditures in the second quarter were 1.5% in the previous value, 2% in the expected value, and 2.3% in the announced value, which is bearish;
The core PCE price index in the second quarter was 3.7% in the previous value, 2.7% in the expected value, and 2.9% in the announced value, which is bearish compared with the expected value and slightly better than the first quarter value, but greater than the expected value, which is bearish in market sentiment;
BTC tonight's focus
Support 62500±100/61600/60000
Pressure is tentatively set at 64800
At this moment, the short-term and medium-term indicators of the big cake have entered a bearish trend across the board. The sharp drop in spot prices is not terrible. It is just accelerating the bottoming out, accelerating the forced long position, accelerating deleveraging, and accelerating turnover. It is good for the long term and definitely bearish for the short term!
It is not recommended to operate contracts at night, especially if you work in a different time zone from North America. Simply put, if you are not working night shifts or have a relatively idle job, then you should have a good rest at night and be refreshed. The next day, you should patiently wait for the opportunity to step back during the day. As long as there is no pattern, you will definitely have a chance to make a profit!
Spot layout, patiently wait for the right signal, don't rush to buy the bottom, just keep the position and wait for the signal!
