🚀🚀After the non-farm payroll data plummeted, opportunity $ETH has arrived! Short-term fluctuations, long-term surges?
Last night, the non-farm payroll data released by the United States was explosive, with over 250,000 fewer jobs, and manufacturing also hit its lowest level in three years. The market reacted quickly, directly betting that the Federal Reserve will cut interest rates in September, with the probability of a rate cut soaring to 88%. The US dollar index subsequently fell, and the market began to anticipate a new round of monetary easing.
For our cryptocurrency circle, this information is crucial, especially for the trend of ETH. How should we seize the opportunity?
1. Current technical situation of ETH: Short-term fluctuations, long-term bullish
Currently, the technical outlook for ETH shows a subtle pattern. The price is being pressured by the upper Bollinger Band and is gradually retracing to the middle band area. The MACD's red bars have started to weaken, and trading volume has not shown significant increases, with market sentiment being relatively calm. In the $3,500 price range, ETH's price is facing a test of a key support line. If it breaks below this level, the next support is at $3,430, but if it holds this support, a rebound may occur, targeting $3,550.
It is worth noting that after such major news, traders often like to perform a 'fake drop', so everyone must operate cautiously, stay calm, and not be swayed by market emotions.
2. My trading strategy: High shorts and low longs, accurately grasping rebound opportunities
In this market environment, my trading strategy is relatively conservative. Currently, I have opened a 5% short position at $3,520, while setting a long position at $3,430 to wait for a rebound opportunity.
If ETH breaks through the key range of $3,550, I will directly chase the long. Such a breakout signal often indicates a strong rebound, and everyone can prepare to follow.
Although the short-term non-farm payroll data is bearish, the expectation of interest rate cuts will bring significant benefits to the market in the medium to long term. Therefore, this decline may actually be an opportunity, as the expectation of rate cuts can stimulate more funds to enter the market.
