6.6 BTC Surge Dream Shattered, Is It a Trap or Accumulation?
Yesterday, both the US stock market and BTC maintained slight fluctuations, with overall market sentiment leaning neutral. However, despite the minor price movements, the density of events was unusually rich, and the underlying structural signals are worth delving into. From BTC's data perspective, loss-making investors are still the main force behind the current turnover. Although the turnover rate has decreased compared to yesterday, it remains at a relatively high level. The market is paying more attention to Friday's non-farm data, especially the unemployment rate, which remains one of the key data points for the Federal Reserve.
However, from the current environment, unless there is a significant economic downturn, the probability of the Federal Reserve cutting interest rates before the end of the third quarter is still very low. In terms of support, the position around 98000 remains the most stable support level. Although more chips are shifting towards the range between 100000 and 105000 dollars, this group of investors is still mainly focused on short-term investments, making them significantly influenced by short-term prices. Attention should be given to the short-term support level around 102000; if it is breached, it will certainly trigger a downward movement.
Operational Suggestions:
BTC short at 104500-105500, target near 102000-98000. Stop loss at 106500.
ETH short at 2600-2640, target near 2450-2350. Stop loss at 2680.
