The small-level triangle structure has broken upward during the noon session, with the 2630 resistance level already taken out. The next resistance level is 2680, which is the area where short liquidity needs to be cleared. Friends looking to short can set up in advance! On the left, watch the small-level first support level at 2590!
On the right, a conservative approach at 2680, with pressure recovery, stop loss at 2720!
On the left, an aggressive approach at 2590, with a rebound from the stop loss, stop loss at 2565!
$BTC We mentioned in our video yesterday morning that the market this week will be dominated by the tariffs from the 'understanding king', starting from midnight when various countries began to announce tariffs (negative risk for the market). The 'understanding king' sent letters to 14 countries as expected, and Bitcoin keeps making narrow downward movements in the rebound, with funds flowing into traditional safe-haven assets, causing gold to rise and US stocks to fall due to Bitcoin's decline.
All the tariffs announced at midnight were relatively mild and did not seem outrageous, aligning with expectations, as US Treasury Secretary Mnuchin had already hinted at them over the weekend. The reciprocal tariffs are based on a 10% increase, suggesting they won't be less than 20%. The 'understanding king' had previously mentioned that tariffs could range from 10% to 70%. The market has already digested these expectations, so the decline we are seeing is not very significant and does not resemble the sharp sell-off from April.
The 'understanding king' extended the originally scheduled tariff deadline from September 9 to August 1, indicating an open attitude towards further negotiations, meaning there are still three weeks for discussions. Countries that are confident will naturally retaliate and continue negotiations. The longer the tug-of-war lasts, the higher the uncertainty regarding tariffs, increasing the risk of a downturn in the cryptocurrency market. The small decline in Bitcoin observed at 9 AM was primarily due to Japan's initial retaliation, so any further retaliation could provide us with opportunities to consider short-term selling. I personally believe that a 15% tariff is the maximum range that the US can accept, which will not significantly impact the normal market range. There will still be multiple changes afterwards. The higher the tariffs, the higher the cost of exported goods, which is negative for US companies' stock market (taking Tesla's decline as an example) and also negatively impacts both the US stock market and the cryptocurrency market.
What we need to pay special attention to in the future is the tariffs between the US and our 'Panda', which can have a significant effect on the market. The previous tariff negotiations could reach 125%, showing how tough they were and how difficult it is to negotiate. Therefore, we should focus on the situations announced in the future; if negotiations go well, the market may rise, but if negotiations go poorly, it could lead to unpredictable downturns! #美国加征关税 #比特币巨鲸动向 #马斯克计划成立美国党 #长期持有策略 #日内交易策略
August 7th|BTC Bitcoin Market Analysis|Risk-averse sentiment is strong, be cautious when chasing long positions, 10w70 needs to be cleaned before attempting to reach new highs! Intraday analysis, thank you for your attention! #美国加征关税 #日内交易策略 #现货与合约策略 #比特币 #马斯克计划成立美国党
From the daily MACD and KDJ indicators, Bitcoin still has some room for growth. After the US stock market opens tonight, it is highly likely that the price will experience a surge, but from the daily structure, the resistance at 110,500 is very strong.
Tonight, the understanding king will deliver tariff agreements to various countries at 12:00 PM Eastern Time (Beijing Time 7/8/00/00). Retail investors cannot judge in advance whether the news is bad or good, and what the understanding king will say, so before the news is released, the risk-averse nature of the main force is also high.
I am not optimistic that the big coin can achieve anything today. If there are signs of testing pressure during the evening rise, it may be wise to position a short on 110,500 in advance. #美国加征关税 #日内交易策略 #马斯克计划成立美国党 #现货与合约策略 #比特币巨鲸动向
After a decline last night at the hourly level, the market is consolidating. A downward continuation over the weekend is not a good sign and is very unfavorable for the bulls. The price must regain the resistance level of 108,500 to continue rising; otherwise, it may continue to test support on Sunday night or Monday!
On the right side, a conservative position at 109,100, with a stop loss at 109,900!
On the left side, an aggressive position at 107,100, with a stop loss at 106,500!
On the left side, a conservative position at 105,800, with a stop loss at 104,500!
07.05|BTC Bitcoin Market Analysis|The downward trend came out of the weekend, the right side has good opportunities, be careful on Sunday night! #大而美法案 #美国加征关税 #比特币巨鲸动向 #非农就业数据来袭 #比特币
April 7|BTC Bitcoin Market Analysis|The upward structure remains strong, the non-farm payrolls are unable to shake it, about to challenge the 110,500 resistance level again, if there's a pullback, get on board quickly! #非农就业数据来袭 #比特币行情分析 #BTC重返11万 #大而美法案 #比特币