Non-farm payrolls positive but broke through key levels? After the plunge, there might be hidden bottom-fishing opportunities, understanding these two support levels is crucial!
Clearly, the non-farm data released positive signals, yet yesterday’s market was completely unresponsive — the momentum for the rally was weak enough to cause anxiety, and in the early morning, it was severely impacted by a sharp drop in US stocks, directly breaking the critical defense line of 113000, dipping to around 112725 before barely stopping, and then rebounding to oscillate around the 113000 mark.
The current key is whether the two support levels of 111000 and 108300 can withstand the pressure. Friends looking to place long orders for Bitcoin or to bottom-fish in the spot market might as well keep an eye on these two levels, set proper stop-losses, and enter the market in batches. This way, you can control risks while catching potential rebound opportunities.
As for other altcoins, they still need to watch Bitcoin's movements. It’s advisable not to rush into action, but rather wait for Bitcoin to stabilize and confirm the trend before following the rhythm to enter in batches; this will significantly increase safety.
To those fortunate enough to come across this analysis, if you haven’t followed yet, I kindly ask you to give a thumbs up and support by following! Later, I will carefully review the market throughout the day, and once I calculate the precise entry points, I will update the post and share immediately. Don’t want to miss key operational signals? Hurry up and keep up with the rhythm, don’t let opportunities slip away quietly~
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