August 2 empty cut: Bitcoin non-agricultural data will come tonight, can one order determine the outcome?

$BTC $ETH $BNB BTC/Daily Chart

Bitcoin daily level, yesterday was under pressure at 66800, and the price plunged sharply near midnight, and then rebounded quickly after a short adjustment, forming a bottom hammer line. At the end of the second half of the night, there was news of a failed negotiation, and the risk aversion sentiment was instantly ignited, rising directly and forming a low divergence. According to common sense, I think it will continue to fluctuate back and forth in the future, and it also reminds us to be careful to go out of the range and the large volatility.

The current K-line pattern is basically the same as yesterday, under pressure at the 65,600 line. However, one thing to note is that yesterday it bottomed out and rebounded to close with a positive sign, and now it closes with a negative sign, so it is understandable if it closes with a negative sign today, but even if it closes with a positive sign, the resistance between the upper and middle rails is 66,800, and it will continue to maintain a weak correction under the bearish trend. Only if it breaks through and stabilizes at 66,800, it may turn into a strong or weak correction or continue to rise unilaterally, but I personally think that the probability of this is relatively small.

BTC/4h chart

Bitcoin 4h level, as can be clearly seen from the above chart, today's pressure is around 65600, and the low point remains in the range of 62300~65600, so it can still continue to be bearish, and the key pressure is 66800. Only if this position is effectively lost, the market can strengthen in the future and return to the 70000 mark. If the non-agricultural data unexpectedly breaks through the 65600 resistance tonight, the derived pressure point is 66800. This position can still be bearish at a high level, so tonight's trend is very clear. You can try to short the rebound from 65500 to 66800.

Strategy 1: It is recommended to lightly position/short at 65500~66000, cover at 66500, stop loss at 67000, and target around 64000~63000

The above is a personal suggestion for reference only. Investment is risky and trading should be cautious