May 1st Kunpeng BTC: Quick Look! Analysis and Strategy Outlook of the Big Coin Trend Under Data Impact!
Last night at 8:30 PM, the US GDP data was released, unexpectedly recording a -0.3% negative growth. This result was like a heavy bomb, instantly igniting the market's risk-averse sentiment. The US stock market reacted first, with the three major indexes collectively plummeting, and the fear index VIX soaring. As a risk asset, Bitcoin (big coin) also struggled to remain unaffected, showing a significant decline following the US stock trend. Subsequently, the PCE inflation data released at 10 PM was in line with expectations, which did not bring much surprise to the market. The big coin price experienced violent fluctuations in a small-scale cycle, performing a 'roller coaster' market. However, it is worth noting that as market sentiment gradually calmed, the big coin returned to its original trend path at midnight, with its 30-minute level oscillation box pattern still solid, fully confirming the classic assertion in technical analysis that 'news can only trigger short-term disturbances.'
From a technical analysis perspective, the big coin has maintained this level of oscillation for several days now. The longer the oscillation lasts, the more favorable it is for the bulls. In the future, it is essential to pay close attention to its upward breakout strength and sustainability. If it breaks through directly with strength, it can be held. If it reaches the 97000-98000 range with structure and shows signs of weakening strength, short-term reduction in positions is needed. This position requires flexible operation of short-term positions to optimize the holding structure.
Finally, during the May Day holiday, the Kunpeng community sincerely wishes all fans a happy holiday, smooth sailing on the trading path, and that all your wishes come true!