5.3 Morning Bitcoin Market Outlook

Good morning everyone! During the Labor Day holiday, I also want to share the morning market outlook for Bitcoin with you.

In the early trading session, there was a sudden abnormal movement. Bitcoin surged to around 79,150 with a strong bullish candle, then quickly pulled back, currently oscillating around 78,600. Although short-term bullish sentiment has been ignited, the overall bearish trend has not reversed yet. The negative impact of the Federal Reserve delaying interest rate cuts is still present, and the selling pressure in the 79,000-79,200 range has not been fully absorbed. The risk of chasing longs is high. Today, the main strategy is to short on rebounds, and at low levels, only very short-term light positions are taken to test the market.

Trading Suggestions:

Short in the rebound range of 78,800-79,300, with the first target at 78,400. If broken, continue to look down to 78,000 → 77,600$BTC $ETH #美国寻求战略比特币储备 #美联储利率不变但内部分歧加剧