[In-depth analysis of the cryptocurrency market on the evening of April 3: main players wait and see and key resistance breakthroughs]
Dear Nasdaq Traders,
The following is an in-depth analysis of the cryptocurrency market on the evening of April 3:
1. Market key points:
- The U.S. stock market has been weak recently, and macroeconomic and market sentiment fluctuations have a linkage effect on the crypto market.
- The trading volume of major cryptocurrency exchanges fell sharply by about 45%, indicating that investors are becoming cautious and adopting a wait-and-see strategy.
- The spot market is favored, and investors choose stable assets for hedging.
2. Key time points:
- Focus on two potential market turning points on April 8 and April 15. Investors need to pay close attention to market dynamics.
3. Impact of non-agricultural data:
- Market sentiment was tense before and after the release of non-farm payrolls data, and unfavorable data may lead to increased volatility in the cryptocurrency market.
4. Comparison between Bitcoin and Gold:
- While the Federal Reserve’s interest rate cuts have pushed gold to new highs, Bitcoin has not risen in tandem, indicating that there is a sentiment-driven correction in the market and may be approaching a staged bottom.
5. On-chain data insights:
- On-chain data shows that large investors are accumulating Bitcoin at low levels, suggesting that there is support within the market.
6. Investment strategy suggestions:
- Investors should remain patient and wait for market sentiment to stabilize; if Bitcoin effectively breaks through and stabilizes the resistance level of $71,600, they can increase their spot allocations appropriately.
- It is recommended to maintain existing spot positions this week and closely observe market dynamics to optimize decisions.
- Prevent the risk of falling Bitcoin prices and ensure sufficient capital reserves.
Conclusion:
The cryptocurrency market is currently at a sensitive stage, and investors should remain alert to upcoming economic data, treat market fluctuations rationally, and seize possible reversal opportunities. We will continue to provide timely and professional market analysis to help you maintain an advantage in market changes. Good luck with your investment! $BTC $ETH #大盘走势 #BTC #4月3日行情分析 #非农数据