Review of the long and short defense strategy on May 2:

The long position bottom line is $96,000. The defensive price for unengaged workers and institutional cost line: stabilize and cautiously look for long positions.

Target $97,500 - $99,000, stop loss at $94,500.

A breakout above $97,500 with a single-hour trading volume greater than $2 billion can continue to look for long positions.

At 5 PM yesterday, a double bottom pattern was formed, indicating that the decline has stopped and stabilized.

Unfortunately, it retraced to $96,000, with a peak at $97,895, resulting in a profit space of just over $1,000, which is somewhat disappointing!

Short position warning: When the range between $97,500 - $98,000 stagnates, try a short position; there is a trapped position of $3.8 billion plus Fibonacci 78.6% resistance, looking for a short position when stagnating.

Target $96,000 with a stop loss at $98,500.

If the stop loss is breached, then look for long positions.

If you have followed my trading ideas, these two market movements have perfectly connected, with the profit space for long and short positions over $2,000.

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