Last night, non-farm payrolls and unemployment rate data were also released, and it wasn't very good, once again lowering the probability of a rate cut in September by the Federal Reserve, but there is still a high possibility of a rate cut in September.
Currently, from a daily perspective, the three upward movements 📈 are still weakening and do not represent an effective breakout. In the future, pay attention to the support level at 107200. The KDJ indicator is currently showing a death cross downward state, indicating that it still needs to move down a bit. The upper level of 110,000 could also be a point for a high short operation. The risks are relatively high in July; if Bitcoin can't go up to 110,000, it may continue the bearish trend!
Tomorrow, the weekend fluctuations should not be too big, so it's better to rest more and only enter the market when there are suitable opportunities.
Currently, from a daily perspective, the three upward movements 📈 are still weakening and do not represent an effective breakout. In the future, pay attention to the support level at 107200. The KDJ indicator is currently showing a death cross downward state, indicating that it still needs to move down a bit. The upper level of 110,000 could also be a point for a high short operation. The risks are relatively high in July; if Bitcoin can't go up to 110,000, it may continue the bearish trend!
Tomorrow, the weekend fluctuations should not be too big, so it's better to rest more and only enter the market when there are suitable opportunities.
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BTC
108,834
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