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The US non farm payroll data for June released yesterday showed that 147000 new jobs were added, exceeding market expectations of 120000. Initial data is bearish - the market is concerned that the Federal Reserve may delay interest rate cuts, leading to a short-term pullback in Bitcoin. But then: bulls quickly took over, BTC rebounded strongly and broke through $110000, reaching a high of $110500 for the day. However, from a technical perspective, although the upward movement may be strong, the decline after the surge indicates a lack of follow-up funds in the market; Long and short are sawing around the front high, and may continue to fluctuate and consolidate in the short term; If there is no new positive news, there is still resistance to breaking through the new high directly in a short period of time. The BTC daily chart shows a bullish trend. The price successfully broke through the suppression of multiple moving averages, and with the amplification of volume, the MACD indicator formed a golden cross and returned to above the zero axis, indicating that there is still further room for Bitcoin to rise in the overall trend. In addition, the historical resistance level of $112000 above continues to serve as an important reference for prices. If this level is breached, the market will relax expectations to a higher target price. Meanwhile, the current local resistance level of $110000 also needs to be closely monitored. Next week will be an important turning point in the market, and I will be launching an online public live course. The quota is limited. Adding an assistant and commenting on the information will allow you to receive valuable materials and register for live streaming. Join the community to receive more services 1. Real time online disk decoding+data analysis 2. Analysis of market trends and recommendations for position allocation. 3. Stable profit strategy under high cycle. 4. Primary/secondary market project research report+potential currency internal reference. 5. Daily live interactive Q&A sessions to help you identify trends and seize opportunities. The real turning point often quietly brewing when most people are confused. Understand the market in the storm and control the rhythm in the high point. The key to wealth is never to escape to the top, but to whether you understand the cycle and follow the right rhythm. Group communication - TG: https://t.me/BTC28578 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin 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.
