$BTC Bitcoin (BTC) Today's Market Analysis
Current Trend: Bitcoin is experiencing intense competition above $90,000. Will it break through the $100,000 barrier, or will it pull back below $90,000? In the short term, there is a two-month resistance around $95,000, and the recent rise has been mainly influenced by institutional fund allocations, while retail investors are still selling on highs or shorting.
Market Sentiment:
Last week, Trump released signals of easing relations with China, leading to market expectations of improvement in U.S.-China trade relations, accelerating capital inflow, and promoting continuous accumulation of BTC ETF. However, the recent positive news has been partially priced in, and this week's market is expected to mainly experience sideways fluctuations + slight adjustments.
⚠️ Personal Advice: The current market direction is unclear, and it is not advisable to enter blindly; wait for better entry opportunities.
Key Data This Week (which may trigger significant volatility) *
- Wednesday 20:15 U.S. April ADP Employment Change
- Wednesday 20:30 U.S. Q1 GDP
- Wednesday 22:00 U.S. Core PCE Inflation Data
- Friday 20:30 U.S. Non-Farm Payrolls + Unemployment Rate
Data Impact:
If inflation data cools down, it may accelerate BTC's breakout; however, since April 9, U.S. e-commerce prices have increased by an average of 29%, indicating that inflationary pressures still exist, making a significant short-term pullback less likely.
Trading Strategy
- The current price is relatively high, and it is not advisable to chase after it; wait for a pullback before seeking opportunities.
- Focus on the $90,000 support level; if it breaks, it may pull back to lower positions.
- If it breaks through $95,000 and stabilizes, it is expected to test the psychological level of $100,000.
Haitang continues to monitor the market situation and will enter anytime when suitable opportunities arise; if you want to know the points as soon as possible, just send a message~