#BTC


Main Force Rhythm Update

U.S. nonfarm payroll data arrives tonight, and the market is about to face a key directional choice. The nonfarm data will affect the trend of the U.S. dollar index and further influence expectations of the Fed's monetary policy, and BTC volatility may significantly expand.

From a technical perspective, 61.4K is the watershed for bulls. If it effectively breaks through and holds, the main force is expected to initiate a small 5-wave rebound targeting 64K-67K. If it loses 59K, the bearish rhythm will continue and the market will further bottom out.
BTC0.43%
USIDX-0.03%
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