Yesterday, the Bitcoin market witnessed an unexpected scene. Despite the positive signals from the non-farm payroll data, the market's reaction was quite weak. The pump momentum was insufficient, coupled with the impact of the big dump in the US stock market, the Bitcoin price fell below the important support level of 113000 USD in the early hours, touching a low of around 112725 USD before barely stopping the fall. Subsequently, the price rebounded and fluctuated near the 113000 USD mark.



The current market focus is on whether the two key support levels of $111,000 and $108,300 can hold. Investors looking to position themselves for Bitcoin longs or considering buying spot on dips should closely monitor these price levels. It is recommended to adopt a strategy of setting stop losses and entering in batches, which can both control risks and seize potential rebound opportunities.

For other cryptocurrencies, it is still necessary to closely monitor the Bitcoin trend. Investors are advised to remain patient and wait for Bitcoin's price to stabilize and confirm the trend before gradually positioning themselves according to the market rhythm, which can significantly improve the safety of operations.

It is worth noting that the recent market has also been affected by multiple factors such as the increase in tariffs by the United States, the number of initial jobless claims in the United States, the launch of the ProjectCrypto plan by the U.S. Securities and Exchange Commission, and the Federal Reserve's interest rate decisions. These macro events could have a profound impact on the cryptocurrency market, and investors need to consider these factors comprehensively and make prudent decisions.

In the current market environment, it is especially important to remain calm and rational. Do not blindly chase after price increases or panic sell; instead, you should develop an appropriate investment strategy based on your risk tolerance and investment goals. At the same time, continuously monitor market dynamics and professional analysis, which can help you grasp the market pulse in a timely manner and make more informed investment decisions.
BTC-0.32%
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LayerHoppervip
· 4h ago
This is too against the odds, crazy fall warning tonight.
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ColdWalletGuardianvip
· 08-02 01:51
Single drag is chronic death.
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HalfIsEmptyvip
· 08-02 01:47
Waiting for the fall to buy the dip at 100,000
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SchrodingersFOMOvip
· 08-02 01:42
I cut loss again today, it's all good now...
View OriginalReply0
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