$BTC
Unemployment benefit data affects the market again? The 1-hour downward trend of the big cake has broken through, and the short-term high point focuses on the 61,300 area. The market vote is attached at the end of the article.
For the unemployment benefit data at 8:30 tonight, the pre-market rise is generally not optimistic about the market after the news is released.
The current trend has broken through the 65,000 downward trend line, and there is a high probability of a strong rebound in the short term.
I am still more optimistic about hitting the 61,300 area as a pressure point.
But the current market, the rhythm changes relatively quickly. More needs to be responded to at any time according to the intraday market.
If the entity breaks through 61,300, then wait and see around 62,100. That is, the trend has formed a V-reversal again.
The retracement position looks at 60,100. If the retracement does not break, look up to around 63,700.
Including Ethereum, there are also signs of a breakthrough and warming. It is recommended to remember to bring a stop loss when shorting.
If the market improves, Ethereum may pull a big positive line of more than ten points at any time.
In the current market, 30% of my spot will not move, because I personally think that Bitcoin is still expected to hit a new high before the interest rate cut.
So time is already quite tight, so the period before the interest rate cut, as well as September and October are very critical time nodes.
It determines whether Bitcoin will reach a new high or a new low, around 45,000.
Finally, I will put down my views on the market and my personal position vote. The data will be announced tomorrow.
