During the live broadcast of Three Kingdoms College: Non farm farming is coming, can BTC break through the 70000 mark?

Click on the link to join the meeting directly: https://meeting.tencent.com/p/6839100013 What impact will the resurgence of non-agricultural activities have on the cryptocurrency industry? What everyone is most concerned about now is undoubtedly whether the crucial milestone of $60000 can be held. This position is an important psychological support level in the near future and a key trend support at the weekly level. Once it effectively falls below, the space below will further open up, and it is likely to explore lower support levels; If it can hold on, BTC is likely to enter a low volatility repair stage. In order to rebound, it must re stabilize in the middle track and break through recent pressure levels in order to reverse its decline. At present, the market is still under heavy selling pressure. In terms of operation, everyone must be cautious and not blindly buy at the bottom. Strict position control and risk prevention should be carried out, and the gains and losses of the 60000 mark should be closely monitored before adjusting trading strategies according to the breaking situation! The US non farm payroll data, as a key indicator reflecting the employment status of the US non-agricultural population, has attracted much attention in the financial field and has an undeniable impact on the financial market and Bitcoin. In terms of financial markets, the performance of non farm payroll data will cause waves in multiple segmented markets. In the stock market, when non farm payroll data performs well, economic expansion signals are obvious, and corporate profit expectations improve, investors will actively buy stocks to drive the stock market up; When the data is poor, investors will worry about the economic outlook and sell their stocks, leading to a decline in stock prices. In the foreign exchange market, non farm payroll data is closely related to the US dollar exchange rate. Strong data attracts international capital inflows, leading to increased demand for the US dollar and thus strengthening; On the contrary, weak data leads to a depreciation of the US dollar. In the bond market, strong employment data has raised concerns about inflation, and investors are demanding higher yields, leading to a decline in bond prices and an increase in yields; Under weak data, bonds are in high demand for safe haven, leading to price increases and yield decreases. In the commodity market, gold is negatively correlated with the US dollar, and when non farm data drives the appreciation of the US dollar, gold prices may fall; The oil price is supported by the expectation of economic growth, which leads to an increase in demand when data is good. The Bitcoin market will also be indirectly affected by non farm payroll data. Non farm payroll data affects market sentiment and capital flow, with better than expected data and increased market confidence in economic recovery. Funds flow into traditional financial markets, and Bitcoin faces pressure from capital outflows, resulting in a price decline; The data fell short of expectations, market sentiment deteriorated, and investors invested some funds in Bitcoin as a safe haven, driving its price up. Technical Analysis The BTC monthly closing line is guided by the immortal, and according to the logic of the candlestick line, it is expected to rise one wave higher. However, the weekly line encountered early pressure and fell back, and the daily line did not stabilize at the middle track. Moreover, the MACD did not succeed with a golden cross, resulting in a continued decline without breaking the middle track. Currently, there is a strong pressure of 70000, and if there is no breakthrough, it will fall again. 65000 is the final defense, and breaking the level will continue to fall back by about 60000. ETH monthly closing line inverted hammer, weekly closing line opens high and goes low, first rising and then falling back. This is the usual style. The daily mid track pressure is around 2200, and if the pressure does not break, it will fall back to support around 2000. It will break through 2200 to 2500, break through 2000, and fall back to around 1800. So, how do we proceed next? Teacher Zhao Yun, who has 10 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 6839100013 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.