Market Overview: $BTC (2026-7-2)


Today's Theme: "Big Pie, You Hurt Me"
July has just started, and it's already making such a big move. Last night, the US stock market crashed at the open, and Bitcoin and gold surged in response. My short position, which was in significant profit, got trapped (I was watching the market 24/7, so I didn't set a stop loss). The technical profit was stopped out by the fundamental positive news😭
Yesterday's surge was mainly due to Waller's dovish stance, with inflation risks starting to ease. Also note that the US non-farm payroll data will be released early at 8:30 PM tonight, and there will be new volatility then~
From a technical perspective, 60600 remains a high-pressure zone. As long as this level's resistance is not broken, shorting is always an option, especially with a long upper wick above. The stop loss can be placed at the wick's tip. The only fundamental aspect to watch is the direction of tonight's non-farm payroll data‼️
BTC0.63%
GLDX1.36%
PAXG1.27%
View Original
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
Add a comment
Add a comment
No comments
  • Pinned