Good afternoon, BTC.ETH market analysis today
Yesterday we did not update our strategy as I have been busy preparing for a move at home. Today, I took a moment to plan the next steps for my fans.
BTC: Looking back, Bitcoin's price dipped to around 112300 before starting to rise, which aligns with our expected entry point around 1123, targeting a maximum of 1146, with the highest reaching around 1148, providing a potential gain of 2500 points. Yesterday, Bitcoin peaked near 1148 before retreating to oscillate around 1135-1138. The U.S. stock market opened lower across the board, influenced by the interest rate cut storm, with Fed's Harker stating that based on current data, there will be no rate cuts in September. This led Bitcoin to break new lows around 1119, but the bearish trend did not continue, indicating that strong bullish sentiment is still present.
BTC trading suggestion: Wait for a pullback to 112300-112700, with a stop loss at 800 points, targeting a breakout at 114400, looking at 115000-115800.
Tonight, Chairman Powell will give a speech; I wish traders to manage their risk effectively. $BTC $XRP #美国初请失业金人数