10.4 There is a rebound today, but the big level is still short. Eat the rebound and be short. Non-agricultural data will change market expectations.
There is a certain rebound demand in the small cycle of Bitcoin. The big level has not fallen completely, but there will still be a rebound demand at this position. The big level Bitcoin target falls to 58,500 and stagnates. After the target breaks through 60,000, it is time to slowly buy spot. There is no need to be too anxious for the time being. The decline has not yet ended, and it is easy to rise and fall.
Both ISM data and unemployment data indicate that there may be a hard landing. All data are waiting for Friday's non-agricultural employment to break the future interest rate cut. The news is also waiting for funds to surge at this position. Waiting is the main thing for the time being.
Daily level market
Daily level: The downward trend of the daily level market has not changed. It temporarily encounters the first support near 60,500. The next rebound demand is relatively obvious. The upper pressure is near 62,500. The bottom support is the previous low of 60,000 and 58,500 to end the decline target.
4-hour level market
4-hour level: The 4-hour level market is in a downward trend, and the short-term rebound of four hours is in place. The pressure near the target 62300 and the support near the bottom 60500 are oscillating back and forth.
Intraday level analysis
Bitcoin is about to move out of a stable trend, but political instability is still affecting the current situation. The only difference is that the bull market in the second half will still start. Thank you for your company all the way. We will continue in the second half.
There is a demand for oversold rebound in intraday trading in the short term, but it is still testing the bottom. The short-term rebound target position is around 62700-63000. After the increase, the market rebound is considered successful. Otherwise, it will still fall at the daily level. You can prepare for short orders near 63000, and take profit near 60500 and take profit near 58500.
The spot market has survived the most difficult time. Now is the season for harvest or re-cultivation. I hope everyone will treat themselves well and make the two years of hard work worthwhile.
