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Good evening everyone, I am your Da Bin teacher!
Today is Labor Day. Yesterday, the first quarter of the United States also recorded a negative growth of -0.3%, which seems to be negative on the surface, but on a closer look, domestic demand is still stable, with a growth of nearly 3%, indicating that the United States economy has not experienced a systematic decline, and the decline in GDP is mainly due to Trump's tariff policy.
Although the market experienced some pullback in the early stages of data release, it quickly resumed its upward trend, indicating that investor sentiment remained stable and panic did not spread. Open long at $94000 and wait for the day to see the returns.
In terms of Bitcoin, on chain data shows that the investor structure is stable, with a low turnover rate in the short term, and the main support level is concentrated in the range of $93000 to $98000. In general, as long as Trump does not further intensify the policy and the financial report performs well this week, the market is expected to maintain the pace of repair in the short term, and the focus will turn to Friday's non-agricultural data.
Looking back at the data of BTC, although the GDP data has caused a slight decrease in the price of BTC, it has not caused any panic. Investors on the chain are still very stable, and the overall turnover rate is even lower than yesterday. It seems that BTC investors have stabilized a lot, and the main turnover is concentrated among short-term profitable investors.
The current price is around 1800, and the indicator shows a clear accumulation of chips in this range, indicating fierce competition between long and short positions. Considering that the recent support level has only deviated by 26% and the resistance level is close to the current price, it indicates that the price may continue to rise after consolidating around 1800 in the short term. From the K-line pattern, the appearance of the red three soldiers in the 4-hour cycle confirms a strong bullish signal. At the same time, the EMA24 and EMA52 moving averages are in a long position, further confirming the medium to long term upward trend.
Operation suggestion:
BTC 93900-94000 go long first target view 95000 second target view 95500
ETH 1770, first target to view 1800, second target to view 1830
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
