Are you watching Bitcoin hovering around $70k? When I looked at yesterday's chart, it seems like the upcoming U.S. employment report on Wednesday is influencing the market. As of this morning, it's trading around 74.20K and has been almost flat over the past 24 hours. This kind of situation is evidence that the market is in a wait-and-see mode.



I believe there's a high chance that the market will move sharply once the employment data is released. If the economic indicators are strong, there will likely be dollar buying; if they are weak, risk assets will be bought on expectations of monetary easing. In any case, this narrow range is probably going to end in a few days. Personally, I am watching closely to see which way it breaks depending on the statistical results.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin