This week's non-farm payroll, there's no need to rush to define the trend immediately. Many people are starting to look bearish in the cryptocurrency market, and Yan Ling is also a bear, but you should trade according to the stage. Recently, the coin price has been oscillating above 92,000, showing signs of short-term bottoming. Even if it retraces and breaks down, we should wait until we see a breakdown before making a decision, rather than rashly choosing to short and then stubbornly holding onto that position. It's really unnecessary; even if you short at a high position, you can take profits when it's good. If it doesn't break, treat it as oscillation. After shorting, you can then reverse and go long. Making profits from short-term trades back and forth is also quite good.
Currently, the coin price is oscillating around 95,000. There seems to be pressure above, but there is support below. The back-and-forth squeezing led to a narrow range of oscillation throughout the day yesterday. The daily chart shows a long upper shadow appeared on April 28, indicating heavy selling pressure above. The technical indicator MACD is below the zero line on the hourly level, and the histogram has turned from positive to negative, indicating potential retracement pressure in the short term. The RSI is close to the neutral zone on the hourly level but slightly below 50, indicating cautious market sentiment. The EMA7 on the hourly level intersects with EMA30 and EMA120, indicating an unclear short-term trend; however, EMA120 still maintains an upward trend, indicating a bullish long-term outlook. Therefore, today's operations will still maintain an oscillating rhythm, operating high shorts and low longs back and forth first.
April 30 Bitcoin trading strategy:
1. Buy at 93,400-94,200, stop loss below 92,400, target 95,200-96,000, continue to look towards 97,500.
2. Sell at 96,000-95,300, stop loss above 97,000, target 94,200-93,300.
April 30 Ethereum trading strategy:
1. Buy at 1,765-1,790, stop loss below 1,720, target 1,830-1,860, continue to look towards 1,930.
2. Sell at 1,860-1,830, stop loss above 1,900, target 1,780-1,740.
[The above analysis and strategies are for reference only. Please assume your own risks. The publication and review of the article may have delays, and the strategies may not be timely. Specific operations should follow Yan Ling's real-time strategies.]
This content is exclusively shared by senior analyst Zhou Yan Ling. For more real-time community guidance, consultation on resolving positions, learning trading skills, etc., you can follow the teacher to find the teacher $BTC $ETH .
