Happy weekend, everyone. Bitcoin’s price action is very subdued today. After a fake break below the 75,000 level last night swept the liquidity from long positions below, it failed to stage a strong rebound and is still trading in a narrow range within the low-level consolidation zone.
The rebound couldn’t even reach the first resistance at 76,300. Unless price breaks above and holds 76,300, there’s no sign that the decline has bottomed, and another drop could happen at any time.
Strategy-wise, without a clear bottoming signal, we don’t recommend blindly buying the dip. The main approach remains to look for short opportunities on rebounds in line with the trend. More cautious traders can also wait patiently for a decisive breakout from the range.
$BTC
$ETH
$XAU
#非农就业数据推升加息预期
The rebound couldn’t even reach the first resistance at 76,300. Unless price breaks above and holds 76,300, there’s no sign that the decline has bottomed, and another drop could happen at any time.
Strategy-wise, without a clear bottoming signal, we don’t recommend blindly buying the dip. The main approach remains to look for short opportunities on rebounds in line with the trend. More cautious traders can also wait patiently for a decisive breakout from the range.
$BTC
$ETH
$XAU
#非农就业数据推升加息预期
