Last night's non-farm payrolls + unemployment rate forced the price ratio to slowly fluctuate upwards. Brother Xing's short position also took some hits, but fortunately, the long-term holdings of the orange were gradually taking profits from the day before, starting from 940 and reaching last night's high of 97800, averaging a space of 3000 points!
From the current perspective, the price ratio has surged and then retreated, currently back at the critical watershed of 96500. The weekly chart shows four consecutive bullish candles, the daily MACD momentum is slightly shrinking, but overall it still presents a bullish alignment. The 4-hour level is also slightly shrinking, but it poses little threat to the overall 📈. Given the low liquidity in the weekend market, we will directly open a position around 96500-96300, targeting 97500-98000. Pay attention to 96100 and 95700 below.
The strategy of buying on the dip provided at midnight has been perfectly validated, with a movement of 1000 points already achieved. From the 4-hour chart, after stabilizing around 94000, Bitcoin has surged all the way up, with a two-day increase of nearly 3500 points! The MACD is still showing a bullish trend, but there was a slowdown in the morning, with a clear short-term resistance at 97500. Moving forward, we will maintain the strategy of buying on the dip.
If Bitcoin pulls back to 96300-95700, the target is 97500-98000, and if it breaks, we look towards 99500. (Watch for support at 95000 below; if Bitcoin breaks down with volume and cannot recover, look to the downside at 93500, 92800.)
Ethereum pullback to 1815-1805, with a target of 1850-1890, and if it breaks, look towards 1950. (Watch for 1795 below; if Ethereum breaks down with volume and cannot recover, look to the downside at 1750, 1730.)
This extreme market condition shouldn't be approached with stubbornness; there is too much pressure below, and digestion will take time, so it's best to just flip your position. For those who missed it, just wait for a pullback to enter again.
Medium to Long Term: Bitcoin pullback to 96500-95700, targeting 98000-99500, and 101000.
Short Term: If 97500 holds during the late night, set up a short position with a target of 965-957.
Before the release of non-farm data, the market may maintain a narrow range consolidation. If the data is strong, the market expects the Federal Reserve to tighten monetary policy, and the price may drop; if the data is poor, the market expects the Federal Reserve to cut interest rates, providing support for the price. It is necessary to manage positions to control risks and maintain a high position short strategy in the evening.
Specific suggestions: Big Pie 96300-96700 range, target 94500-93500 (focus on the 96500 watershed, if the 4-hour line stabilizes, then reverse and chase long, looking up to 97500)
Yitai 1860 - 1880 range, target 1810-1770 (focus on 1896, if the 4-hour line stabilizes above this position, then reverse and chase long, looking up to 1954)
Experts practice the ability to do nothing. What does it mean to do nothing?
If you don't understand it, don't do it; if you do understand it, there may still be things that are not suitable to do.
For example, if the stop-loss space is too large, the profit space is too small, or if there is a break in resistance after a significant rise.
Under standards, there are priorities and one must also consider what to give up and what to keep.
So, trimming the beginning and the end, calculating back and forth, what can really be done is very little.
Experts do less and less, while novices do more and more, not because the experts' methods are so brilliant, but because they are not in a hurry to make money, using infinite opportunities to exchange for a larger space.
Afternoon Big Pancake Ethereum Operation Strategy:
For aggressive traders, directly short big pancake at the current price of 95000, with a target of 94000-93500. For conservative traders, watch for a rebound at 95200-95500; as long as the resistance level holds, it's still a short. Pay attention to the support levels of 93500-92700 below.
For Ethereum, chase short on the right side at 1805, with a target of 1780-1760; if it breaks, look down to 1730.
What is as stable as a mountain? The early morning tip on Dōdān successfully gained 1000 points! Brother Xing already hinted at the current price of Dō going up at midnight. Others can profit by getting on halfway 🥩, as long as you know how, you can definitely do it too ✅
Overnight, the price of Bitcoin surged to around 94,700, and has currently retraced to around 94,200. The live price alert given by Xing Ge at midnight also captured another 800 points! From the 4-hour candlestick chart, last night the price dipped, touching the support level at the intersection of EMA120 and MA220, before rebounding and forming a long lower shadow. The current candlestick is above the MA60, indicating a rebound trend. As long as it doesn't fall below the strong support at 92,700, it will continue to rise and test the resistance levels in the short term.
Morning specific suggestion: Wait for a pullback, then look for an opportunity to enter.
Currently, both Bitcoin and Ethereum are in a consolidation phase. Looking at the daily chart, Bitcoin has been consolidating at a high level for a week, and Ethereum is following a similar trend. The direction next depends on the Federal Reserve; in the absence of any absolute positive news, it is expected that there will be another week of volatility, with the earliest potential breakthrough coming next Monday.
On the hourly chart, support remains strong at 92700 and 93500, but tonight's non-farm payrolls and EIA data are starting to affect market sentiment, with upward selling pressure becoming more obvious, leading to a narrow trading range. Going forward, we will maintain a strategy of selling high and buying low within the range.
Midnight specific suggestions: first open a rebound
Current Bitcoin price is direct at 94500-95000. Stop-loss at 93400
Current Ethereum price is direct at 1795-1825. Stop-loss at 1740
The success rate of blind dates is not high. It's like the man who is the worst at flirting trying to flirt with the woman who is the hardest to impress.