Monday, European market, big cake, aunt, strategy sharing

​The impact of the non-agricultural data released last Friday is that the US SEC can postpone the interest rate cut schedule in the short term. The current economic situation does not need to rush to cut interest rates to stimulate. It is undoubtedly a bad news for the digital currency market, but overall it still needs to be considered in combination with many aspects. This week's CPI data needs to be focused on, and the attitude of Mr. Bao's speech after the announcement of the interest rate hike resolution on the evening of the 13th will also have a certain impact on the short-term currency market.

On the weekend trading day, the market showed a sideways trend, which is usually regarded as an adjustment signal. At present, we are still waiting for the market adjustment to end in order to be optimistic about the power of the bulls again. Judging from the current market situation, although the currency price remains above 69,000 on the daily chart, the price trend shows signs of high-level fluctuations. Although it fell again due to pressure near 72,000 points, the daily chart did not show signs of reversal, and the price still fluctuated above the large-cycle rising trend line. On the four-hour chart, the price continues to run in the Bollinger Bands falling channel. Affected by the news, the price has not been effectively repaired after the decline. In the short term, the market may continue to fluctuate, so it is not advisable to blindly chase the rise. The resistance above 70,000 points is strong, and the overnight rebound failed to continue to rise, resulting in the bulls' strength not being strong in the short term. Therefore, the intraday market is more inclined to step back to confirm the support first, wait for the market to stop falling, and then go long in anticipation of a rebound.

Monday's position suggestion

BTC short-term: 70,000 short target 69,200-68,400 (reach 68,400 and go long to see a 1,500-point rebound)

ETH short-term: Ethereum 3620-3650 any point above directly long, see 4020 band see 4500 unchanged (Ether just hold it)

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