BTC continues to rise after retreating

Today, the United States released the latest non-farm data. Latest news: U.S. Bureau of Labor Statistics: March non-farm payrolls were revised down from 315,000 to 310,000; April non-farm payrolls were revised down from 175,000 to 165,000. After these revisions, the total number of new jobs in March and April decreased by 15,000 compared with the pre-revision figures. As soon as the news was released, the US dollar index soared, and gold, BTC, etc. plummeted.

From the daily chart, the price is running above the 10-day moving average and the 20-day moving average, which is a complete upward trend. In addition, from the 1-hour chart, as shown by the line I drew, the price is in an upward channel. The current price has fallen to the vicinity of the lower trend line, and it is likely to rebound in the 70800-71000 resistance range.

Next, you can focus on the 70700-71000 range. If the price falls to this range, you can buy. The target is 71600-71800.

The above trading suggestions are for reference only. I will update the market analysis at any time in my guidance.

Comment:

The price fell sharply yesterday, and the price fell to the trend line below the channel line. It did not rebound but broke directly. It is expected to be a downward trend in the short term. The current trading idea is to sell when it rebounds to the resistance level. At present, you can focus on the 69600-70100 resistance range.

The price rebounds to the 69600-70100 range and can be sold. Currently, it is 68500-68800

The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time

Comment:

BTC was in a clear upward trend last Friday, but after the US released the non-farm payrolls index, the US dollar index suddenly soared, and the BTC price plummeted instantly, but the general trend is still upward. So BTC may enter a volatile trend next. At present, you can focus on the 68450-68800 range. If the price falls back to this range, it is likely to rebound and rise.

Trading suggestion: You can buy when the price rebounds to the 68450-68800 range, and the target is 69600-70100

The above suggestions are for reference only. I will update the market analysis in my guidance group at any time

Comment:

At present, the price rebounded to the 69600-70000 range I predicted and fell. Now we are paying attention to whether the price can fall below 69130. If the price falls below 69130, it will continue to fall.If the price cannot fall below 69130, it may rebound and rise