Empty down, come up, perfect connection. The aunt's car is easy to turn around, directly lifting off with a 50 knife increase.
教链阿宋
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Bullish
Good morning, brothers. I am Jiao Lian. The past two weeks have basically been oscillating. This week is the non-farm data week, and things will start to heat up tonight. The ADP data, core PCE for the second quarter, and the Federal Reserve's interest rate decision will be announced tonight. The ADP data is a leading indicator for non-farm data, with a correlation rate as high as 80%. The announcement time is 8:15 PM. It is very likely that there will be a data overlay event tonight, resulting in unexpected effects. Although there is a general expectation that there will not be an interest rate cut in July, Mr. Reliable has continued to put pressure on Old Powell recently. It remains to be seen whether Mr. Powell can withstand the pressure again, and we are waiting to see which side will break.
Currently, the range oscillation has not ended, so we will continue to trade within the range, going long at the low and short at the high. The lower boundary of the range is between 116,000 and 116,500, and the upper boundary is between 119,500 and 120,000. For Ethereum, we are looking at support at 3,710-3,730. If it doesn't break, we can also rebound and go long.
Going long near 117,500, adding positions near 117,000, looking at 118,500 with strong momentum towards 119,000. Long at 3,760, adding near 3,740, looking at 3,810 with strong momentum towards 3,870.
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