Xu Xu Baby says cryptocurrency market outlook for August 2:
The significant downward revision of non-farm payroll data has become an important turning point for the recent market. This signal has directly driven the rebound of the US stock market, and expectations for liquidity easing in the market have clearly intensified, providing marginal positive support for the cryptocurrency market.
In terms of Bitcoin, after probing the bottom yesterday, it successfully rebounded and has filled the CME gap around 1130, showing signs of stabilizing in the short term.
Operational suggestions may refer to:
- Bitcoin: Consider establishing long positions in the 1122-1135 range, targeting 1155-1165. If it can strongly break through 1165, it can further look towards around 1180.
- Ethereum: Consider entering long positions in the 3520-3565 range, targeting upwards to 3650-3690, and a breakthrough may aim for 3720.
