Recently, there has been a lot of activity in the crypto circle! At 4 a.m. tonight, once Nvidia's earnings report is released, the global market is holding its breath, and Bitcoin took the opportunity to touch $113,000. Is this rebound really about to take off, or just a flash in the pan? Let me break it down for you in simple terms!
1. Nvidia's earnings report: What is the market betting on in this 'life and death' situation for the tech giant?
Tonight's most anticipated is Nvidia's earnings report. Although the market is shouting 'better than expected', there are two potential pitfalls to watch out for:
The Chinese market has completely gone silent: The earnings report shows that Nvidia did not sell a single H20 chip to China in the second fiscal quarter, and the $180 million worth of H20 released from inventory was not counted in revenue. What does this mean? China is Nvidia's 'big boss', and now they don’t even want orders, future growth is in jeopardy!
2. AI investment is starting to cool down: Data center business revenue is $41.1 billion, although it increased by 56% year-on-year, it was $200 million less than market expectations, and growth has declined for two consecutive quarters.
Key point: Once the earnings report was released, Nvidia's after-hours stock price directly dropped over 5%! If AI demand cannot hold up, the global market may crash along with it!
2. Bitcoin technical analysis: The hourly level is surging, how high can it go?
Bitcoin has been a bit 'tough' recently, rebounding from a low of $109,000 to $113,000, with three key signals in the technical analysis:
Hourly chart breaks resistance: The price stabilizes above the upper boundary at the 1-hour level, and the RSI returns to 60, with short-term bulls in control.
4-hour level is still hesitating: Although it broke through the lower boundary, the RSI is only 48, indicating that the 4-hour level has not confirmed a reversal.
Daily level is still underwater: The price is below the MA7 moving average, and to completely turn around, it must first break through $115,000.
Personal opinion: The short-term can push a bit, but to reverse, it must first cross the hurdle of $114,000-$115,000!
3. Funding trends: US buying frantically, while Asia 'lies flat', why?
Recently, the funding situation in the crypto market is very divided:
US funds have seen large inflows for two consecutive days: The US spot Bitcoin ETF had a weekly net inflow of $184 million, and institutions are frantically bottom-fishing.
The Asian market suddenly went silent: USDT inflow has slowed, and the A-share market has a noticeable capital absorption effect.
Subtext: US funds are entering with 'real money', but if the Asian market remains quiet, the height of the rebound may be suppressed!
4. Geopolitics + Federal Reserve: Undercurrents are surging, will it affect the crypto circle?
Geopolitical risks are temporarily 'low-key': The situation in Russia-Ukraine and the Middle East is tense, but the market seems unaffected, even gold hasn't dropped much.
The independence of the Federal Reserve is being questioned: Trump is crazily 'interfering' with the Federal Reserve, but the market is not taking it seriously for now, and the dollar index rose to 98.58 without crashing the market.
Conclusion: In the short term, these 'big events' have little impact on the crypto circle, but be wary of sudden black swans!
5. Retail trading guide: Can we push now?
Radical faction: Short-term can cautiously try long positions, target $115,000, stop-loss below $110,000.
Conservative faction: Wait and see the earnings report! If Nvidia's data exceeds expectations, a pullback would be an opportunity.
Risk warning: CME futures indicate a short-term explosion in bullish demand, but the options market bets on volatility at 6.1%, don't expect a one-sided increase!
Brothers, do you think Nvidia's earnings report can boost Bitcoin? Can the resistance level of $115,000 be broken? Let's discuss your views in the comments! If likes exceed 100, the next issue will unveil 'The hidden killer of the Federal Reserve's interest rate hike on the crypto circle'!
