Non-agricultural data is bearish, how to deal with it in subsequent operations

With the release of non-agricultural data in May, the market has once again experienced a pin-surge fluctuation. Non-agricultural data, as one of the important indicators to measure the health of the US economy, is directly related to the market's expectations for the future economic outlook. After the release of this data, the market's expectations for the Fed's future monetary policy have changed, which directly affected the performance of the currency market.

First, let's analyze the impact of non-agricultural data on the cryptocurrency market. The negative effect of non-agricultural data has led to a decline in investors' demand for risky assets, and cryptocurrencies, as part of it, have naturally been affected. Bitcoin (BTC) and Ethereum (ETH), as the leaders of the currency circle, have seen a significant pin-surge callback phenomenon after the data was released. This callback is both a challenge and an opportunity for us participants.

After the pin-surge callback, the price rebounded, but the weak buying did not support the price to recover to the previous high, which also provided conditions for the subsequent secondary pin-surge callback. In such a market environment, we have reason to expect that once the price drops again to a sufficiently low point, there will be a long order eager to buy, and then the main force will intervene to promote the rebound of the price. Therefore, for those who are prepared, the secondary pin pullback low point that may appear late at night or tomorrow may be an ideal time to buy.

If the trend is strong and rises again, we will consider taking long orders when the pull-up pullback occurs, and increase the response methods for multiple situations.

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The long orders that took the pin at the previous low point of 3770 have been closed

This time, ETH focuses on observing the low-absorption buying point: 3750-3720

Focus on two-hand preparation. If the trend price refuses to pull back but rises again, we also consider continuing to take long orders at the pull-up pullback point.

If the pull-up height is 3890, we first predict that it will be taken near 3840. This point is the predicted point and is used as a reference according to the trend.

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There is no absolute accuracy in the strategy. It is recommended to analyze it in combination with the specific situation.

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