3.7 Bitcoin Morning Analysis



Non-farm payroll data came in weaker than expected, boosting expectations of a Fed rate cut in June. The US dollar index faces short-term pressure, but risk appetite remains dominated by risk-averse sentiment. Bitcoin follows the cyclical stocks in the US stock market and declines together; combined with ongoing geopolitical conflicts, capital flows into safe-haven assets, and risk appetite in the crypto market decreases.

Operational suggestion: Follow the trend and go long at the lows. Consider placing long positions between 67,700 and 67,200, with initial targets at 69,000 and a breakout target of 71,000. Currently, there are no clear signs of stabilization; wait for daily chart stabilization signals before considering a reversal position.

Second Bitcoin: Buy between 1950-1920, targeting 2040-2100.
BTC-4,54%
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GateUser-d95cf383vip
· 2h ago
Where else can I see ones starting with 2?
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