The Federal Reserve is firmly not lowering interest rates, and the shorts continue at 3500 points rebound! 5.5 Bitcoin Aunt's operating thoughts
The non-farm data is extraordinary, contrasting sharply with the small non-farm figures. This data has led to the Federal Reserve's firm stance against lowering interest rates. After the non-farm data was released, the price of cryptocurrency saw a slight rise before suggesting a short strategy, and there is currently over 3500 points of space. Ethereum's layout was regrettably swept at the stop-loss of 1840 on Saturday; those holding short positions like me can move the stop-loss to 95000 or take profits directly!
From a technical perspective, the daily chart shows two consecutive bearish candles, and the morning closed with a long upper shadow and a relatively long real body. The Bollinger Bands are severely constricted, and the price has broken below MA5 and MA10. The KDJ is dead-crossing and diverging downwards, and the MACD's dual lines are showing signs of forming a dead cross as they curve downwards. The volume is gradually increasing, and the daily outlook remains bearish!
The spot ETF market still saw significant inflows last week, which is also a reason for the limited decline in cryptocurrency prices. Additionally, the non-farm data exceeded expectations, allowing cryptocurrency prices to break through a nearly ten-week high. However, the Federal Reserve is firmly not lowering interest rates, and aside from non-farm data, other figures are not ideal. Therefore, Conan still suggests mainly positioning short orders at high levels! Pay attention to the resistance levels at 96500, 97400, 98000, and 99500; support levels to watch are the battle points of bulls and bears at 93900, 92700, 91600, and 90000.
5.5 Bitcoin operating thoughts: Aggressive traders can enter shorts at 96200-96500; conservative traders can enter at 97000-97500, with a stop-loss above 98000, targeting around 95000-93900. If it breaks, watch for 93500-92700. Continue to hold depending on the situation!
5.5 Ethereum operating thoughts: Aggressive traders can enter shorts on a rebound at 1830-1850; conservative traders can enter at 1870-1900, with a stop-loss above 1930, targeting around 1800-1780-1750. If it breaks, watch for 1730-1700. Continue to hold depending on the situation!
Long position thoughts: The funds in the spot ETF market have not exited, limiting the decline in cryptocurrency prices. Therefore, for Bitcoin, enter long on the first intraday pullback at 93000-93500, with a stop-loss near 92500, targeting around 94500-95000-95500. If it breaks, hold depending on the situation; enter long for Ethereum on a pullback at 1730-1750, with a stop-loss near 1700, targeting around 1780-1800-1820. If it breaks, hold depending on the situation!
Beware of the market makers' reverse harvesting strategy, which perfectly aligns with the market trend. Currently, the short position has over three thousand points, and those who don’t want to hold can take profits as well! Continue to position for the rebound! #欧盟隐私币禁令 #数字资产法案