Tonight, the US stock market will be closed for Independence Day over there and will not open.
Coming right after last weekend, that means 3 straight days. Last night’s non-farm payrolls data gave people hope that there won’t be any rate hikes, or even that there could be rate cuts. So for longs, these 3 days are favorable.
However, it’s also important to note that market makers move price up and down during this period. In this round of the rally, the performance of $ETH and $SOL is clearly better than $BTC . Bitcoin, at the 62500 level, encountered a strong resistance zone and still remains in a downtrend.
This is a rebound, not a reversal—so don’t blindly chase “stars and seas.” Taking profits in time is one of the survival rules in a bear market.#比特币较1月峰值下跌44%
Coming right after last weekend, that means 3 straight days. Last night’s non-farm payrolls data gave people hope that there won’t be any rate hikes, or even that there could be rate cuts. So for longs, these 3 days are favorable.
However, it’s also important to note that market makers move price up and down during this period. In this round of the rally, the performance of $ETH and $SOL is clearly better than $BTC . Bitcoin, at the 62500 level, encountered a strong resistance zone and still remains in a downtrend.
This is a rebound, not a reversal—so don’t blindly chase “stars and seas.” Taking profits in time is one of the survival rules in a bear market.#比特币较1月峰值下跌44%