Initial Jobless Claims Hit Hard! 1.3 Bitcoin Auntie's Evening Analysis

Today's cryptocurrency price continues the rebound from yesterday, with basically no pullback during the day. The resistance at the 96500 line has been broken, and the current upper pressure is in the 97500-97800 range. If it continues to break through this evening, the price will open up space above!

However, Conan has reviewed a large amount of information and currently does not see any significantly positive news to support this! Therefore, it is crucial to focus on the U.S. stock market this evening. Based on the current trend, the U.S. stock market will undoubtedly open high, but whether it will follow the same pattern as before New Year's, opening high and rising further, is still uncertain.

Recently, the U.S. stock market has been on a downward trend, with funds flowing out of the spot ETF market since December last year. In the first year of the new year, only a mere 5 million dollars have flowed in. Currently, there is no very positive news for cryptocurrency prices, so Conan believes this rebound may have the suspicion of luring traders in. Everyone should be cautious when chasing long positions! The evening strategy is as follows:

1.2 Bitcoin Trading Strategy: Aggressive traders can short one contract near the current price of 96600, add positions near 97300, with a stop-loss around 97800, targeting 96000-95500-95000, with a breakdown target of 94500-94000.

1.2 Ethereum Trading Strategy: Aggressive traders can enter short near 3465, add positions near 3500, with a stop-loss around 3550, targeting around 3400, with a breakdown target of around 3350.

Today, those who are bearish and short have already stopped out. Currently, the price is surging sharply, so everyone should wait to see the initial jobless claims data and the performance of the U.S. stock market this evening. Although Conan is optimistic about the bearish trend, anyone entering a short position at the current price should definitely set a stop-loss! This is to prevent a significant positive surprise in the data from driving bulls! If the data exceeds expectations and significantly boosts the U.S. stock market, everyone should be cautious about shorting!