Tong Ge’s BTC Thoughts on 7.3


$BTC Go long near 620-625, stop loss at 630, first target at 610, second target at 600

After the non-farm payroll data came out last night, the market quickly surged. Rate-cut expectations were repriced, and BTC once pushed up to 62180.
The price is now trading around 616. It looks lively on the surface, but it’s more about the continuation of sentiment after the news.
The 610 resistance repeatedly emphasized earlier was briefly broken under the push from the news, but a break is one thing and holding is another. The key is whether there is follow-through capital support afterward.
Today’s game plan has been adjusted slightly upward: watch for a pullback while price is near the new resistance zone. The impact of non-farm payrolls is more about releasing sentiment. Once the release is done, the market will likely move into a repricing phase again. Choppy trading or a pullback is a common rhythm. #非农爆冷打压加息预期
BTC0.77%
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