Last night, Bitcoin perfectly triggered the 58000-57500 mentioned in our public analysis strategy. As of today, it has gained more than 2000 points. Pay attention to lock in profits in short-term operations! In a volatile market, determine the volatility range before entering the market. Don’t blindly follow gossip and be bearish.
Tonight, there will be unemployment data at 8:30, which will have an impact on interest rate cuts and recession. If it is lower than expected, it is positive, higher than expected, it is negative, and if it meets expectations, it is a small positive. My personal opinion remains unchanged. If there is negative news, we need to be cautious about going long. The support position below is 56,000-54,000. If there is positive news, we will continue to update our views.
Nvidia's sales and profits exceeded expectations. After the release, the stock price fell by 5%, driving the currency circle down, but Ethereum's performance returned to a stronger state, mainly because ETFs finally resumed inflows. Now the trend of the currency circle is highly bound to ETFs, but the total amount of Ethereum is still in a net outflow state.
BTC once again tested the support area of 58,000. It last time was sideways at this position for half a month. It was not until the 22nd that it broke through. After several rebounds, the high point of each time has been decreasing, indicating that the upper pressure is relatively strong, and institutional whales will make profits and reduce their holdings in time. The liquidation chart shows that there is still a lot of liquidation space for long positions at 59,000-57,000.
The short-term operation suggestions remain unchanged, and the views of yesterday are still maintained. The pressure level reference is 61,000-61,500, which belongs to the middle track pressure and is also an important liquidation position. Short-term support reference is 58,000-57,500