Recently, the cryptocurrency market has shown interesting dynamics. In the early morning and evening yesterday, Bitcoin encountered significant resistance in the range of 112000-112500, which has become the focus of traders. The price is currently hovering around 111600, and if investors entered the market in the evening, they may have already secured a potential profit of about 900 dollars.
It is worth noting that this week may be an important turning point for the market. Several key economic data releases are imminent and could have a significant impact on the market. The officials' remarks on Wednesday sent strong signals for interest rate cuts, leading to a continued rebound in the stock market. Today, the market will closely watch the ADP employment report, and tomorrow night the highly anticipated non-farm payroll data will be released.
In terms of intraday trading strategies, one could consider the idea of going short first and then going long. The current rebound cycle seems to be at a small top stage. If it breaks through and holds, the market may continue to strengthen. However, a more cautious strategy is to focus on pullbacks as the main direction. Specifically, one can establish short positions near 112500, consider adding to the position near 113000, and set a target price towards 110000. If the trend is strong, it may even touch 109000.
For other cryptocurrencies, pay attention to shorting opportunities in the 4470-4480 range, and consider adding positions near 4520, targeting 4400. If the market trend is stronger, it may reach 4350. It is worth noting that if the 4350-4370 range is not breached, and Bitcoin stabilizes around 110000, a long strategy may be considered.
Overall, this week's market volatility may intensify, and investors need to closely monitor various economic data, adjusting their trading strategies flexibly to respond to potential market turning points.
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OnchainDetective
· 55m ago
This time I'm going all in, even if it costs me my life.
View OriginalReply0
SelfSovereignSteve
· 3h ago
Getting carried away a bit, time to get on board.
View OriginalReply0
ImpermanentPhobia
· 19h ago
Bearish, hold tight to my buy the dip supplies.
View OriginalReply0
Blockwatcher9000
· 09-04 02:47
The risk is really high.
View OriginalReply0
RugpullAlertOfficer
· 09-04 02:47
Everyone is shorting, so it must be about to big dump, right?
View OriginalReply0
LadderToolGuy
· 09-04 02:45
Everywhere you point is a pit.
View OriginalReply0
GasFeePhobia
· 09-04 02:40
900 dollars to da moon? A small profit is shameful.
View OriginalReply0
SmartMoneyWallet
· 09-04 02:31
With such a small amount of capital, you dare to talk about the market direction?
View OriginalReply0
IntrovertMetaverse
· 09-04 02:25
I will trade whatever others are trading, guaranteed profit.
Recently, the cryptocurrency market has shown interesting dynamics. In the early morning and evening yesterday, Bitcoin encountered significant resistance in the range of 112000-112500, which has become the focus of traders. The price is currently hovering around 111600, and if investors entered the market in the evening, they may have already secured a potential profit of about 900 dollars.
It is worth noting that this week may be an important turning point for the market. Several key economic data releases are imminent and could have a significant impact on the market. The officials' remarks on Wednesday sent strong signals for interest rate cuts, leading to a continued rebound in the stock market. Today, the market will closely watch the ADP employment report, and tomorrow night the highly anticipated non-farm payroll data will be released.
In terms of intraday trading strategies, one could consider the idea of going short first and then going long. The current rebound cycle seems to be at a small top stage. If it breaks through and holds, the market may continue to strengthen. However, a more cautious strategy is to focus on pullbacks as the main direction. Specifically, one can establish short positions near 112500, consider adding to the position near 113000, and set a target price towards 110000. If the trend is strong, it may even touch 109000.
For other cryptocurrencies, pay attention to shorting opportunities in the 4470-4480 range, and consider adding positions near 4520, targeting 4400. If the market trend is stronger, it may reach 4350. It is worth noting that if the 4350-4370 range is not breached, and Bitcoin stabilizes around 110000, a long strategy may be considered.
Overall, this week's market volatility may intensify, and investors need to closely monitor various economic data, adjusting their trading strategies flexibly to respond to potential market turning points.