Saturday, Bitcoin, Ethereum, operation strategy
Overnight, the big pie hit a high of 3,000 points, and the small coins collapsed, swallowing up half a month's gains overnight. However, in this high-energy moment, after the non-agricultural non-farm payrolls were announced, the entire network released ideas for watching 69000 to share with friends, and it also fell to around the short-term support of 68800. This also gave friends an early warning, and at the same time, they also received Nice space. As for why the price of Bitcoin has dropped sharply, there are three main reasons.
1. The main reason is still due to the negative non-agricultural data and the decline of GameStop stock.
2. The market has risen so much that it needs a certain correction.
3. After receiving negative news from last night’s non-agricultural data, which was significantly higher than expected, JPMorgan Chase postponed the Federal Reserve’s first interest rate cut expectation to November, leading to a bearish sentiment in the market.
The Ethereum of the big pie has pushed downwards, and altcoins have experienced a sharp retracement. This is also caused by the recent market rebound and the short-term over-leverage of altcoins. A lot of long orders were exploded last night. There will be an interest rate meeting on the 13th. Here It was previously expected that the shock range would still be upward.
The trend remains unchanged if the bottom is reached. The 3,700-point pin insertion last night will most likely not happen over the weekend. If it bottoms out again in the 68,400-68,700 range, this is the short-term upward trend point. In terms of operation, let’s look at the rebound first. Pay attention to the gains and losses at the 70,000 mark. If you can't go back, you can still rely on the pressure here to go short after the correction.
Ethereum hit support at 3600 and intraday resistance at 3750. During the day, the short-term should be a rebound rhythm. Pay attention to the resistance level, which is still dominated by Dora!
Saturday operation strategy
Bitcoin, above 68900 + look at 70500
Ethereum, above 3660, look at 3750
That’s all. If you want to use the method to restore blood and balance, you can come and find it!
