2024.9.6 9:10 AM BTC Market Analysis
The needle that should come has not come yet? The lowest price last night was 55600, and it was closed as soon as it was touched. At present, it is consolidating at the 56000 line. Fortunately, it has finally come to the 55000-56000 range. This is a good sign!
BTC Focus
Support 55000/54000
Pressure is temporarily set at 58000-58300
The key point at this moment is 55500-56000. There was only a few dozen knives of space last night, and a bottom divergence signal would be formed. However, the 1h/2h retracement is nearing the end. If the 4h can insert a needle tonight or in the past three days, it will be more in place. In terms of intraday, the short position is still slightly stronger, but the 1h/2h bottom reversal signal is already accumulating!
Pay attention to the test demand of 55000-55350 during the day, and pay attention to the strong support area of 51500 if it breaks. Judging from the strength of the small non-agricultural data last night and the expected value of the large non-agricultural data tonight, this is the closest opportunity to a double bottom this month. If the main force wants to force a pin, combined with market sentiment, the best time is in the next three to five days!
