The US non-farm payrolls data was unexpectedly weak. Will there be any hope for the crypto world to recover from this? BTC is currently lacking support, repeatedly breaking through the support level, and market panic is spreading. I think it's time to short at the resistance level and take a small position. There is a common pattern now where the US stock market falls at the opening, and this affects the crypto world as well. Moreover, with the impact of the war and the US credit crisis, most of the US dollars are being used to buy gold, resulting in very low market liquidity. From these perspectives, it is not good news for the crypto world. Even if the interest rate is cut as expected, the downward pressure may be even greater. There is no need to bear it anymore. If the US stock market shows a pullback trend at the opening tonight, there may still be a possibility of a pullback. Otherwise, BTC will break a new low. #BTC

BTC1,7%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
Ardanelfadanivip
· 2024-08-05 00:04
BTC price increase will definitely happen again
View OriginalReply0
View More
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)