$BTC Daily Review 9/2
Spot 24h: High 79,221, Low 76,420, current price around 77,442. It opened at 78,838. After hitting the intraday high earlier in the afternoon, it pulled back; during the Asia session it dropped to the low at around midnight, then rebounded to the 77.4 万 area in the morning.
In terms of structure, supply around 79,000 remains overhead. Binance spot 24h high: 79,221; low: 76,420. After touching the low there was a rebound, but it did not reclaim the opening price, nor did it revisit the intraday high.
On the event side: Friday, 20:30 Beijing time — U.S. August Non-Farm Payrolls.
Intraday performance: Treat it as a rally-then-fade move. If it reclaims and holds above 79,221, the bearish view is invalidated; if it breaks below 76,420, the downside channel opens.
My view: Short-term bearish. 80,000 is temporarily resistance, not support.
$BTC #Bitcoin
Spot 24h: High 79,221, Low 76,420, current price around 77,442. It opened at 78,838. After hitting the intraday high earlier in the afternoon, it pulled back; during the Asia session it dropped to the low at around midnight, then rebounded to the 77.4 万 area in the morning.
In terms of structure, supply around 79,000 remains overhead. Binance spot 24h high: 79,221; low: 76,420. After touching the low there was a rebound, but it did not reclaim the opening price, nor did it revisit the intraday high.
On the event side: Friday, 20:30 Beijing time — U.S. August Non-Farm Payrolls.
Intraday performance: Treat it as a rally-then-fade move. If it reclaims and holds above 79,221, the bearish view is invalidated; if it breaks below 76,420, the downside channel opens.
My view: Short-term bearish. 80,000 is temporarily resistance, not support.
$BTC #Bitcoin
