Daily Market Analysis of Cryptocurrency (03.07)

Summary:

1. The market trend this week, up to yesterday, is basically in line with Monday's analysis.

2. There is significant non-farm payroll data tonight, likely the last “normal” non-farm data in the next year.

3. The news surrounding the non-farm payroll and the cryptocurrency conference will determine whether there will be a rebound before a one-sided downturn.

4. The structure of the US stock market has reversed, confirming a switch in support and resistance. The sell-off wave of quantitative hedge fund CTAs is starting.

5. The purpose of gold valuation is US Treasury bonds.

6. Let's talk about the A-shares and the domestic economy.

7. The tariff weapon has faced resistance.

8. The mid-level of SOL is still not strong; based on this, the rise of Bitcoin is merely a rebound.

9. In actual trading, we should not only focus on the cryptocurrency market.

10. Bull markets often have sharp declines, while bear markets often have sharp increases. Don’t be afraid of sharp increases; it’s normal to have a rebound from the EMA250 on the daily chart after dropping from 110,000.

11. What to do if you can't hold onto positions?

12. Patiently wait for the monthly MACD death cross before planning medium to long-term long positions.

In terms of operations:

1. Holding short position $BTC , target profit at 59000. (You can also take profit at the weekly EMA60, around 72700.)

2. Currently, holding no long positions, mainly focusing on short positions, or until Bitcoin enters the next range for consolidation.

On the short term:

1. Open a short position for Bitcoin at 95800, add to the position at 96600, with a stop loss at 97600. After placing the order, take half of the profit if it reaches 5000 points and set the remaining to break even, the rest can be treated as a long-term position.

2. Open a short position for Ethereum at 2450, with a stop loss at 2550. After placing the order, take half of the profit if it reaches 200 points and set the remaining to break even, the rest can be treated as a long-term position.

3. Open a short position for SOL at 160, with a stop loss at 165. After placing the order, take half of the profit if it reaches 15 points and set the remaining to break even, the rest can be treated as a long-term position.

4. Friendly reminder, there are two major news events tonight, and volatility will be significant. Regardless of bullish or bearish positions, it is advisable to place orders at prices that are far from the current price, as extreme market conditions may occur tonight.