#encriptação Market Analysis The recent release of disappointing non-farm payroll data on August 2nd has triggered market panic over economic recession. Although the increase of 114,000 non-farm payrolls is not ideal, it can still be considered 'reasonable'. If the US economy weakens rapidly, a significant interest rate cut by the Federal Reserve in September will become a typical response. Due to increasing concerns about a US economic recession and poor performance of technology stocks, gold has reached a new high, and stock markets in Europe, Asia, and the US experienced a significant drop on Friday. The Japanese stock market had its worst day since the COVID-19 outbreak in 2020, triggering a global stock market sell-off due to concerns about a possible US recession. The release of a poor employment report last Friday showed that the US job market is rapidly cooling down, pushing up unemployment rates and further exacerbating the sell-off behavior. The Nasdaq Composite Index fell nearly 3%, and the Nikkei 225 Index in Japan experienced a big dump of 5.8%, marking the largest single-day drop since 2020. Major European stock indices also experienced a drop across the board, with technology stocks hitting a six-month low. The encriptação market was not spared either, experiencing continuous declines for several days, with no news able to reverse the situation. The overall market is beginning to sink into panic over economic recession. Perhaps only when the economy officially starts cutting interest rates and implementing loose policies, will a new wave of positive information be unleashed. Daily Candlestick Chart Level: The market quickly declined, with strong support near 60,500 and resistance near 63,000. 4-hour Chart Level: The market declined rapidly and is still in a downward trend, with support near 60,500 and 59,700. There are currently no strong reversal signals, and resistance is near 62,500. Intraday Analysis: The recent major drop in BTC is a normal phenomenon, mainly due to the uncertainty in US politics. The game between Trump and Harris, combined with Harris's lack of qualifications and anti-Criptomoeda stance, makes her chances of winning slim. However, the impact on Criptomoeda and the stock market is still significant, and there may be more contract liquidation events in the near future. The reason for the market collapse is not only politics, but the recession panic it triggered is even more severe, causing global stock markets and the encriptação market to crash. Pay attention to the recovery situation over the weekend and next week, avoid contract operations, and avoid leveraging yourself. Just focus on buying points. Intraday Retraction: The downward trend continues in the intraday, with strong support at the major level for recovery and resistance near 62,800. The bottom support is near 60,500. First look for recovery in the intraday, and then observe the situation of major level resistance. The Ponto market needs to calmly overcome this difficult moment in encriptação history and handle things with composure. #加密货币 BTC #市场崩溃 economic recession #交易 investment