9/3 BTC Market Update Tracking:
Simple view of a complicated chart
For BTC, focus on just two lines: 770 and 778
Clearly, once it breaks above 778, it will strengthen; the next target is 792
If it falls below 770, it will continue to maintain weak range-bound movement
It’s worth noting that although with the G20 news last night and the subsequent positive ADP non-farm employment data, the downside momentum is insufficient.
As long as 755 below is not broken, the outlook for continued upward movement remains unchanged—don’t short.
Only consider shorting if it breaks below 755. DYOR
$BTC
Simple view of a complicated chart
For BTC, focus on just two lines: 770 and 778
Clearly, once it breaks above 778, it will strengthen; the next target is 792
If it falls below 770, it will continue to maintain weak range-bound movement
It’s worth noting that although with the G20 news last night and the subsequent positive ADP non-farm employment data, the downside momentum is insufficient.
As long as 755 below is not broken, the outlook for continued upward movement remains unchanged—don’t short.
Only consider shorting if it breaks below 755. DYOR
$BTC
