Last night at 20:30, the non-farm payroll data was released, which was bearish for the market, yet it remained unmoved. Is it because there are too many shorts below that are keeping it from going down? Instead, after the U.S. stock market opened, it fluctuated upwards, once again reaching a new high near 97800. Many short positions must have already been forced to close during this upward movement.
Let's take a contrarian approach. The mindset in trading contracts is that when you can no longer endure the pressure, the market makers will start to sell off. Those who are stuck near 94 below need not worry; next week you will surely be able to break free.
Today, as the weekend coincides with the U.S. stock market being closed, I will provide some trading suggestions.
BTC 971-972 long position, stop loss at 978, initial target at 949-948, if broken, look for 936 (I will enter a small position at the current price).
ETH 1846-1848 long position, stop loss at 1873, target at 1791, if broken, look for 1776.
Let's take a contrarian approach. The mindset in trading contracts is that when you can no longer endure the pressure, the market makers will start to sell off. Those who are stuck near 94 below need not worry; next week you will surely be able to break free.
Today, as the weekend coincides with the U.S. stock market being closed, I will provide some trading suggestions.
BTC 971-972 long position, stop loss at 978, initial target at 949-948, if broken, look for 936 (I will enter a small position at the current price).
ETH 1846-1848 long position, stop loss at 1873, target at 1791, if broken, look for 1776.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
95,471.98
-0.98%
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