Bullish breakout established, bears lament. Last night, accompanied by a collective stretch of M stocks, BTC chose to break down. Currently, the teaching chain team's position cost is basically at 93500/1750, the morning closing is also OK, hands are around 96400, above the upper track of 95500, and last night it had also pulled back. Currently, the Sword of Damocles hanging above is the non-farm data and unemployment rate at 8:30 PM tonight.
This week's ADP data is significantly bearish, so there is a possibility tonight that after the bearish data, bears may counterattack, but before 8:30 PM, it is possible to long at lower prices. In recent days, the correlation between M stocks and Bitcoin has also been relatively strong. M stocks stretch, BTC follows. So, when the trend hasn't turned bad and no bearish signals appear, we follow the trend to long at lower prices, being the servant of the trend, while also setting a trailing stop to lock in profits. If you have dates, take two shots first.
For the past two days, continue holding long positions, looking up at 99500/1950.
For those with no positions,
Long at 96400 on pullback, add positions at 95800 looking at 98500, if momentum is strong look at 99500.
Long at 1830, add positions at 1810, looking at 1900, if momentum is strong look at 1950.
