Technical analysis
Bitcoin (pie):
From a technical perspective, Bitcoin has experienced a large decline on the daily line, with a significant deviation rate, and a small rebound is needed to repair the technical aspect. #btc70k
After rebounding from last night's low, it fell again by more than 2,000 points in the morning and is currently showing some signs of stopping the decline.
The non-farm unemployment rate data will be released tonight. The U.S. economy is expected to be weak, the labor market demand is saturated, the number of initial jobless claims has increased for nine consecutive weeks, and the employment data is weak.
If the evening data is bullish, it could weigh on the U.S. dollar and be positive for cryptocurrencies in the short term. During the day, the lower support level of Bitcoin is in the range of 56,500 to 56,000 US dollars. If it can stick to this range, the expectation of bullish data in the evening may push the short-term market back to around 60,000 US dollars.
Ethereum (two cakes):
Ethereum has currently stopped falling near $3,080. Compared with Bitcoin, the support level during the day is between $3,050 and $3,000. #ETH投资
Evening data may provide support, with Ethereum expected to rebound to the $3,250 to $3,300 range.
In technical analysis, both Bitcoin and Ethereum show certain signs of stopping their decline, especially near important support levels. Tonight’s U.S. non-farm unemployment rate data could have a significant impact on the market, especially on the short-term moves of the U.S. dollar and cryptocurrencies. Investors should pay close attention to the market's reaction after the data is released, as well as how prices perform at key support and resistance levels. #德国政府转移比特币 #ASI代币合并计划 #币安合约锦标赛
If you want to know about specific opportunities and specific decisions, you are welcome to pay attention to Long Short. Just click on the avatar to view the text. You can receive a position allocation guide to teach you how to make money in a bull market and earn coins in a bear market.
