Non-farm data has made a decisive statement! A reversal signal for gold has emerged, can BTC withstand the volatility? Retail investors, don’t panic, the opportunity is right here!
"The wind vane has moved! Gold trembles, and the cryptocurrency market is about to shake three times!"
As soon as the non-farm data was released, the market immediately reacted! The resistance level for gold has been completely confirmed, and the possibility of a reversal is increasing. Everyone knows that gold is a "safe haven" for large funds; once it turns, the sentiment of the entire cryptocurrency market may be influenced!
The relationship between BTC's current situation and gold
Currently, BTC's price is $110927. From a technical chart perspective, there is significant resistance above - $113390 and $112218 are both short-term hurdles, while the support at $108960 and $1072230 is the key defense line. If gold really starts to reverse, BTC will likely fluctuate alongside it; after all, when large funds shift, the cryptocurrency market cannot remain unaffected.
How should retail investors operate?
Don’t panic at the sight of "volatility"! The more the market oscillates, the more opportunities are hidden in the details.
1. Keep a close eye on support and resistance levels: $108960 is the short-term dividing line between bullish and bearish; if it breaks down, short-term sentiment may turn bearish, but if it holds, there may be a rebound opportunity.
2. Gold's trend is a signal: If gold continues to strengthen, BTC will likely follow suit; conversely, caution is advised.
3. Don’t be greedy, don’t go all in: When the market is unclear, position control is key; testing the waters with small steps is safer than placing a big bet.
Personal Opinion
I believe that this market movement after the non-farm data is more like a "stress test" for the market. The medium to long-term trend for BTC remains unchanged, but short-term volatility is inevitable. Retail investors must not be led by the news; staying calm, looking at the charts, and operating rationally is the way to go!
Remember! The market is not wrong; we are! I am @财月女神 , a top-tier layout team, only serving ambitious individuals with a vision among the crazy!