Morning Analysis


Last night, after the release of the non-farm payroll data, Bitcoin dropped by over 2,000 points. From the 1-hour K-line chart, the price touched the lower Bollinger Band and strongly halted its decline; support is effective, and a rebound has now begun.

Today is the weekend, and market volatility is expected to be relatively low. Overall trading should focus on low-buy strategies. Meanwhile, medium- to long-term long positions have been lightly established, awaiting a rally in the future.

Trading Suggestions
Look for long positions around 67,300-67,800 for Bitcoin, with targets near 69,500-70,000, and a long-term target of 76,000.
For Ethereum, consider long positions around 1,920-1,950, with targets near 2,080-2,110, and a long-term target of 2,300.
BTC-4,12%
ETH-4,91%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin