[The US dollar index has risen for seven consecutive days. Can it lead the crypto field out of the downturn? ]
2024.5.10 Early BTC Market Analysis
The three short-term declines of Bitcoin yesterday were all quickly recovered. Europe, America and Asia all got chips at 61,000. After waking up, it was directly 63,447, and there was a space of 3,500 dollars!
A week ago, when Bitcoin was 65,000, Brother Sao judged that there must be a second step based on the indicator. Pay attention to the second step opportunity of 61,000/59,160. The 61,000 intraday watershed given yesterday, fell below to open the space for stepping back, and continued to fall below and recover, echoing the first stepping position a week ago. In addition, the U.S. non-agricultural data this week was not good, which was good for the expectation of interest rate cuts. The market sentiment was approaching the weekend and was temporarily stabilized. Yesterday, Bitcoin took advantage of the trend and walked out of a wave of 3,500+ dollars!
BTC attention
Support 61300/60400/59700
Pressure is tentatively set at 66000
After a big positive K last night, today's intraday thinking is fine. Below 61660, there is a chance to make some money!
