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- 🗒 Gate.io Suggested Topics Posting Event: #NFP Data Release#
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The Non-Farm Payroll (NFP) data is set to be released on May 2nd. As a key economic indicator, it often has a significant impact on market sentiment. How do you think this upcoming report will influence the crypto market’s direction? Are you bullish or bearish?
Post with the hashtag #NFP Data Release# to share your insights or analysis to share the $50 reward pool!
⏰ Event Time: April 30, 4:00 AM - May 1, 4:00 AM (UTC)
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Today, Bitcoin showed moderate price movement, with an overall increase of 0.36% from its previous close. BTC reached an intraday high of $98,709 and a low of $97,543, reflecting relatively low volatility throughout the session.
Market sentiment remains cautiously optimistic, with short-term resistance forming around the $99,000 level. Support near $97,500 has proven resilient, keeping Bitcoin within a tight trading range. Analysts believe that a breakout above key resistance could potentially trigger a rally toward the $105,000 mark, while a breakdown below support may lead to a short-term correction.
Long-term projections continue to suggest a bullish outlook, driven by increasing institutional adoption, regulatory developments, and overall market sentiment. However, traders should stay vigilant, given the inherent volatility of the cryptocurrency market.
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Carefully caused a lot of trouble, seriously made a lot of mistakes