#chiffrement Market Analysis The recent release of disappointing non-farm payroll data on August 2nd has triggered market panic about economic recession. The increase of 114,000 non-farm payrolls, although disappointing, can also be considered 'reasonable'. If the US economy softens rapidly, a significant interest rate cut by the Federal Reserve in September will become a typical response. Due to growing concerns about the US economic recession and poor performance of tech stocks, gold has reached a new high, and stock markets in Europe, Asia, and the US experienced a big dump on Friday. The Japanese stock market suffered its worst day since the 2020 COVID-19 outbreak, and concerns about a potential US recession have triggered dumping in global stock markets. Additionally, the release of a poor employment report last Friday showed that the US job market is quickly cooling down, pushing up the unemployment rate and further exacerbating dumping behavior. The Nasdaq index fell nearly 3%, and the Nikkei 225 index in the Japanese stock market experienced a big dump of 5.8%, the largest single-day drop since 2020. Major stock indices in Europe also experienced across-the-board declines, with tech stocks falling to a six-month low. The crypto market has also been unable to escape, with several days of decline. Regardless of any news, the overall market has begun to sink into economic recession panic. Perhaps when the economy officially starts to cut interest rates and implement loose policies, it will open up new Information positive for the market. Daily candlestick level analysis: The daily candlestick level quickly fell, with the major support near 60,500, and the upper pressure near 63,000. 4-hour level analysis: The market quickly fell, still in a downtrend, with support near 60,500 and 59,700, and no good reversal signals for the time being. The upper pressure is near 62,500. Intraday BTC analysis: The recent big dump of BTC is a normal phenomenon, mainly due to the uncertainty of US politics. The game between Trump and Harris, coupled with Harris's lack of qualifications and stance against Crypto, makes the probability of her winning not high. However, this still has a significant impact on Crypto and the stock market, and there may be more contract liquidation events in the near future. The reason for the market collapse is not only political; the panic about this recession is even more severe, and both global stock markets and the crypto market are collapsing. It is advisable to avoid contract operations and not to leverage, but to purchase Spot. Intraday pullback: The main theme of the day is still the downtrend, with major support for Rebound and upper pressure near 62,800, and bottom support near 60,500. First, observe the Rebound, and then assess the situation of major level pressure. The Spot market needs to navigate through this difficult period in the history of chiffrement calmly. #加密货币 BTC #市场崩溃 economic recession #交易 investment