BTC Weekly Review & Outlook



Market News: The Nonfarm payrolls data boosted a rally, but hawkish remarks from officials and weak U.S. stocks dragged the market. Insufficient incremental capital in the market led to concentrated selling pressure after the rally.

Technical Analysis: After hitting 63,450, it fluctuated and pulled back. Current price 62,660. The hourly Bollinger Bands are narrowing, and the price has lost the middle band. MACD bearish momentum is accumulating. Resistance: 62,770, 63,450; Support: 62,410. If broken, target 62,000. Short-term range-bound consolidation.

Next week's focus is on inflation data. Weak data could drive another rally; otherwise, continued weakness.

Operation: On a rebound above 62,700, look for short-term declines; on a pullback to 62,400 with stabilization, go lightly long for a quick in-and-out trade. Strictly control position size.
Target: 63,000-64,000.
BTC0.20%
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