Yesterday, the price fell after rising to around 71760, and did not continue to set a new high. Today, the price rose to around 70800 and encountered resistance, then rebounded and rose, reaching a high point around 71600. The price fell again after encountering resistance at 71600, but the price encountered a large downward resistance near 70800, and the trading volume increased sharply, indicating that there is a large resistance in the 70800-71100 range. From the daily chart, BTC is still in an upward trend.
Trading suggestion: Buy when the price falls back to the 70800-71100 range, with a target of 71700-71900
The above trading suggestions are for reference only, and I will update the market analysis in my guidance group at any time
Trading suggestion: Buy when the price falls back to the 70800-71100 range, with a target of 71700-71900
The above trading suggestions are for reference only, and I will update the market analysis in my guidance group at any time
Note
BTC has just broken through 71760, and the upward trend will continue. Pay attention to 71300-71600 below, and you can buy when the price falls back to this range. Target 72000-72300
Note
Today, the United States released the latest non-farm data. Latest news: U.S. Bureau of Labor Statistics: March non-farm payrolls were revised down from 315,000 to 310,000; April non-farm payrolls were revised down from 175,000 to 165,000. After these revisions, the total number of new jobs in March and April decreased by 15,000 compared with the pre-revision figures. As soon as the news was released, the US dollar index soared, and gold, BTC, etc. plummeted.
However, from the daily chart, BTC is still on an upward trend. The price rebounded quickly after the plunge, and the subsequent trend is likely to fall back to the resistance range and rise again.
Next, you can pay attention to the 70700-71000 range. If the price falls to this range, you can buy, and the target is 71600-71800
The above trading suggestions are for reference only. I will update the market analysis at any time in my guidance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.