Yesterday's market suffered a setback primarily due to data:
- The U.S. trade deficit plummeted by 55.5% in April to $61.6 billion.
- U.S. imports dropped 16% from March to $351 billion in April, while exports rose 3% to $289.4 billion, resulting in the trade deficit figure.
- The subsequently released U.S. unemployment claims data showed initial jobless claims unexpectedly increased to the highest level since October last year, extending hiring delays.
- The combination of these two data points and news-driven sentiment caused prices to rally then reverse sharply, breaking down and recording the largest two-month decline. This also shifted the trend, with major timeframes signaling bearishness.
Today's perspective:
- Daily timeframe (macro trend): Yesterday closed with a large bearish candle, forming consecutive bearish candles with prices below moving averages and indicators showing a death cross. The bearish trend has regained dominance, with prices breaking below previous lows and disrupting the prior upward phase. A subsequent sideways-downward trend is expected.
- Short-term timeframe: Prices collapsed to the 10,0300 zone, rebounding on support in the morning. Current K-line shows consecutive bullish candles with indicators forming a golden cross, but prices are nearing resistance from the 4-hour moving averages. Based on market patterns, further bearish continuation and new lows are anticipated today, with limited upside rebound potential.
BTC/USD
sell@103000-103500
tp:101500-101000
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
- The U.S. trade deficit plummeted by 55.5% in April to $61.6 billion.
- U.S. imports dropped 16% from March to $351 billion in April, while exports rose 3% to $289.4 billion, resulting in the trade deficit figure.
- The subsequently released U.S. unemployment claims data showed initial jobless claims unexpectedly increased to the highest level since October last year, extending hiring delays.
- The combination of these two data points and news-driven sentiment caused prices to rally then reverse sharply, breaking down and recording the largest two-month decline. This also shifted the trend, with major timeframes signaling bearishness.
Today's perspective:
- Daily timeframe (macro trend): Yesterday closed with a large bearish candle, forming consecutive bearish candles with prices below moving averages and indicators showing a death cross. The bearish trend has regained dominance, with prices breaking below previous lows and disrupting the prior upward phase. A subsequent sideways-downward trend is expected.
- Short-term timeframe: Prices collapsed to the 10,0300 zone, rebounding on support in the morning. Current K-line shows consecutive bullish candles with indicators forming a golden cross, but prices are nearing resistance from the 4-hour moving averages. Based on market patterns, further bearish continuation and new lows are anticipated today, with limited upside rebound potential.
BTC/USD
sell@103000-103500
tp:101500-101000
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
We share various trading signals every day, with an accuracy rate of over 90%.
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We share various trading signals every day, with an accuracy rate of over 90%.
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.