Bitcoin market:
The unemployment data just now stimulated the rebound of Bitcoin, but we still say what we said yesterday. In the decline of Bitcoin, rebound is normal, especially when it touches the integer level, which may stimulate a lot of buying volume around it. But whether the stimulated buying volume can successfully break through the key position with market sentiment, complete the consolidation and stabilization, adjust the K line, and change the short-term trend is very important.
Most of the data in the picture can still use yesterday's picture, and adjust the resistance position.
The upper short-term resistance, the key position of the daily line is 63,000. If it stabilizes, at least the daily sentiment will be better.
The previous support completes the stabilization and consolidation, and then continue to look at the upper weekly EMA7 position of 65,700.
The lower support, yesterday we said that the vicinity of 61,200 can only be regarded as a buffer, and it was indeed pierced up and down, without resistance.
Then we continue to look at the buying volume stimulated by the 60,000 integer level.
Continuing to explore is still the effective support of the previous wave of weekly Bollinger bands near 57,000.
The RSI index has fallen back to around 40. If the price of Bitcoin hits the oversold rebound sentiment below 30 before falling below 60,000, then it will help the breakthrough near 60,000 in the short term.
Many people expect the US stock market to drive the crypto market after the opening. To be honest, the situation this week is basically that the US stock market sentiment seems to be rising, but it is actually tense. My only hope is not to attract money from the crypto market, let alone bring Bitcoin.
Let's not talk nonsense. If you want to change the downward trend in the short term, Bitcoin needs to break through and stabilize at 63,000, complete consolidation, shock, and repair and adjust the daily trend, so as to change the daily trend in the short term. However, it is still difficult at present. Now the decline needs to touch the core buying volume to bring a wave of effective breakthroughs.
Continue to look at market data later.
