#今日市场观点
Is Bitcoin about to crash or a good opportunity to buy at the bottom? The main force's trend is exposed, and retail investors panic and enter the game!
On the surface, the weak non-agricultural data increases the possibility of the Federal Reserve's interest rate cut, and monetary easing theoretically helps to drive up the price of Bitcoin.
However, contrarian investors should realize that the market's expectations for interest rate cuts have already been partially reflected in the price. If market sentiment is too optimistic and the market makers take the opportunity to sell, then the current rise may be a trap. As we have seen many times in the past, market makers often use macro-good news to create short-term rising markets and induce retail investors to enter the market, but then the market reverses and falls. Therefore, the short-term price rebound may not be a real "good news", but a kind of accumulation or shipment behavior of the main force.
Market reaction and emotional fluctuations: avoid the risk of blindly following the trend
After the release of non-agricultural data, Bitcoin has fluctuated to a certain extent, but what really affects the market is the sentiment of investors. Driven by such macro data, market sentiment is prone to fall into two extremes:
Some investors will enter the market and go long due to the expectation of interest rate cuts, pushing up short-term prices;
Other investors will choose to avoid risks and leave the market due to concerns about economic recession and long-term risks.
From the current technical perspective, the key support level of Bitcoin is $52,000, while the resistance level is in the $57,000 to $58,000 area. Next, the market may further fluctuate and adjust, but this is a good time for contrarian investors to look for opportunities. Calmly deploying when the market is panicking often brings rich returns.
