Employment data weaker than expected! $BTC Heading to 63,000?


Brothers, US employment data came in lower than expected, easing rate hike concerns, and BTC rebounded to 61,950.
News:
New jobs came in below expectations, the probability of a rate hike in the interest rate market dropped from 85% to 77%, and the probability of a rate hike this month dropped from 30% to 18%. ETFs ended a 10-day streak of outflows, with a net inflow of $224 million yesterday, as dip-buying returned. QCP also noted that the one-week implied volatility dropped from 40% to a high of 30%, indicating market pressure is easing.
But QCP also warned: wage growth accelerated, unemployment rate dropped, so the data is not entirely dovish. The market merely postponed the rate hike expectation from September to December. The real turning point still depends on the CPI on July 14 and the FOMC meeting at the end of the month.
Technical Analysis:
Current price 61,950, breaking through the BOLL upper band at 61,998, bullish momentum strong.
MACD positive at 56.96, momentum still present; RSI at 66.37, approaching overbought territory.
Resistance above: 62,200-62,500, strong resistance at 63,000.
Support below: 61,600-61,700, strong support at 61,000.
Gongming's View:
ETF re-inflows + positive employment data, short-term bullish.
But there is significant selling pressure above 62,000, so chasing highs requires caution.
Trading Strategy:
Conservative: wait for a pullback to the 61,600-61,700 range to go long. Aggressive: go long near current price 61,900.
Positive news has been priced in, don't chase highs; wait for a pullback confirmation before taking action.
#USD1链上质押享年化8.26% #gStocks代币化股票上线
BTC1.07%
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