《Falling and Falling ————Analysis of Current Trend》
Bitcoin fell at the door of the callback trend and the rebound trend. After the release of ADP data, it was conducive to the stability of the US economy, but it was not conducive to the Fed's judgment on the interest rate cut. The market fell first and then rose, rebounding more than 1,000 points all the way to the key position of 62,500
The 12 o'clock breakthrough failed and began to fall back. From the hourly line, it seems that the decline trio has begun. Now the key position is around 60,700. This is the last line of defense before the 60,000 mark. Once the 60,000 mark is broken, the price of the currency will go straight to 58,000
Ether has been scared out of its wits in this round of callback. Now it has completely followed the ups and downs of Bitcoin. The hourly line and the 4-hour line have both fallen below the position. If Bitcoin goes to around 58,000, the corresponding Ethereum will go to around 2,260, and maybe even Lower
During the decline just now, the cottage we arranged has not yet reached the position of replenishment during the day. Now most of them enter the market with replenishment. Now hold your chips well. The next replenishment will either go to around 58,000 or break through and stabilize at 62,500 and start to pull back
The unemployment data at 8:30 tonight will increase market volatility. This is just an appetizer. The most important thing is the big non-agricultural data at 8:30 tomorrow night. This data directly affects whether the Federal Reserve will cut interest rates again in November. At that time, the market will definitely be a fierce game between long and short. Continue to pay attention to Taco. At this critical juncture, you will have a better understanding of the market trend
