Next week will usher in another huge change, which will determine the trend of BTC in the second half of the year.
There are two very important data on July 5, non-agricultural and unemployment rate.
Let's talk about the off-market issues first. The graduation season for American college students is May, June, and December, and the hot period of the job market is generally around June. What does this mean?
The unemployment rate and non-agricultural will also be deeply affected by a large number of fresh college graduates integrating into the US job market. In my opinion, the possibility of positive data is lower than that of negative data! ! !
Because many American college students go to school with loans, once the graduation season comes, loan pressure and inflation force college students to find jobs, so my personal view that I am not optimistic about the data comes from this. Unless the data is artificially falsified.
Returning to the technical level, BTC weekly K-line Yin hammer appears, proving that the bulls pull back the decline.
The daily KDJ is under short pressure, but MACD forms a golden cross. Here, the MACD cycle is personally set to 6, 13, 5, which is suitable for short-term trading, and the latency is much lower than the default.
Last time, the price of Bitcoin fell to 6.25, but 6W did not break, which proves that the recovery of Bitcoin has been confirmed. Tomorrow, Monday, Bitcoin will try to hit the 6.2-6.25 range again. If it breaks, it will step back after the daily limit of 6.25-6.3, and the upward trend will be confirmed again.
Next, we will focus on 6.45, which is the starting point of the big drop and the pressure line.
If the data is released on Friday night, whether it is bullish or bearish, Bitcoin will most likely rise. As for whether it can return to 6.6, it depends on the attitude of the dealer. No matter what technical indicators are used, it will be useless.
If the data is bearish, Bitcoin will close negative for 4 consecutive weeks again and return to the beginning of 5.
As for the copycat, as long as Bitcoin returns to 5 again, there will be a big one, and there will be bloodshed again. Don't follow the decline? If the copycat wants to protect the market and keep it sideways, the project owner must invest a lot of money. Judging from the fact that the big pie is sideways today and the copycat is all red, the project owner is basically stingy. Therefore, those cavemen, don't expect the copycat to surpass this year's peak. It will be a blessing to be able to get out of the trap when the bull market comes.
The best copycat is the fully circulated one, whether it is a new coin or an old coin, and most of the unlocked coins will approach zero.