👉Morning analysis is here!!!

Good morning to all fans, last night the non-farm payroll data exceeded expectations, which led to negative sentiment, but the market did not drop. Then, the US stock market opened high and consolidated at a high level, while the cryptocurrency market continued to rise!

Recent negative news has not been able to bring down the overall upward trend of the market; after a dip, large funds enter the market to push the prices back up! This has happened continuously for 5 times! Yesterday, the pressure point for Bitcoin at 98,000 could not be broken, and this morning it fell to around 96,500!

The trapped positions between 95,000 and 100,000 are continuously cutting losses and changing hands, raising the cost basis. Previously, the funding cost for the ETF was around 90,000! Currently, some miners are still at a loss, but the current position of Bitcoin is still very safe!

Now, with institutions not working over the weekend and the US stock market closed, liquidity is insufficient. If there are no stimulating news today, it might be another day of consolidation. The short-term trend shows a small correction, and Bitcoin needs to face an upgrade soon. The opening of the US stock market next week might see significant fluctuations!

The overall trend is definitely positive, and patience is needed. Although the non-farm payroll data released yesterday caused the market to push back interest rate cut expectations to July, there's no need to rush. Fans who need K's top strategies can follow K for comprehensive analysis!