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"Can the continuous rise of the US Dollar Index for seven days lead the encryption field out of the slump?"
2024.5.10 Morning BTC Market Analysis
BTC fell below 61000 in three short-term declines yesterday, but was quickly recovered. Participants from Europe, America, and Asia all acquired chips at 61000. When they woke up, it directly reached 63447, creating a space of $3500!
A week ago, when BTC was at 65000, Brother Sao predicted that there would be a second dip based on indicators, and focused on the opportunity for a second dip at 61000/59160. Yesterday, the watershed point of 61000 was given, breaking through and opening up the space for a retracement, continuously breaking through and recovering, echoing the first dip position a week ago. In addition, the weak non-farm payroll data in the United States this week and the favorable expectation of interest rate cuts have temporarily stabilized market sentiment as the weekend approaches. Yesterday, BTC followed the trend and saw a space of +3500 USD!
BTC attention
Support 61300/60400/59700
Pressure temporarily set at 66000
After a big bullish candle last night, it is reasonable to consider going long today. If the price stays below 61660, there could be an opportunity to enter a long position during the day!
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#目前应该抄底还是继续等待?你的看法是?