It is now 10:37 am on November 1st. Yesterday, the monthly closing price experienced a rapid decline during the US trading session. US stocks fell sharply first, triggering a flight to safety in the market. BTC fell below the hourly support level in intraday trading, and the short-term weakness continues until now. The non-farm payroll data expected tonight will reverse the market sentiment. There is a trend support around 68430 in swing trading, which was mentioned repeatedly in our video last week. This is also the central position of the 4-hour range mentioned last week. The short-term price will fluctuate rapidly with news and market sentiment, while the trend is determined by the fund chips. This means that if the price does not return to the range center, the trend will still be there. Currently, there will be repeated bottom probing in the short term, but there will definitely be a quick rebound near the key support level. Of course, the market sentiment triggered by the non-farm payroll data tonight is also crucial. Please follow the fan group for specific instructions.

BTC-3.23%
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
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)