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Friday, Non-Farm Payrolls are here, let's go long first before going short!
Last night, there was another drop to test the bottom, this round has already wiped out 95% of long positions, and the market is showing signs of being one-sided. At this time, what we need to do is not to follow but to go against the trend to seek a big profit. Overnight, we suggested going long in the 93000 area, which perfectly rebounded to the target of 94500, giving a 1500-point gain!
Today, there are Non-Farm Payroll data. If the market surprises to the downside, then it will still be short. If unexpected positive news appears and causes a reversal, it may give a surprise to those who are bearish at 88000. Based on the performance after the Small Non-Farm and previous market data, it is not uncommon for negative news to lead to long positions and positive news to lead to short positions, creating an opposite trend.
Therefore, this morning we still go long first, and before the data is announced, we will determine our entry based on the published situation. Support at 91000, resistance at 95500. In the morning, we can directly go long in the 92000 area, and exit based on yesterday's rebound high. If there is a strong rebound in the US market data, it will rise to 98000 to complete the ultimate washout.
As for Ethereum, we will follow the same strategy, with support at 3150 and resistance at 3350, primarily going long!
Last night, there was another drop to test the bottom, this round has already wiped out 95% of long positions, and the market is showing signs of being one-sided. At this time, what we need to do is not to follow but to go against the trend to seek a big profit. Overnight, we suggested going long in the 93000 area, which perfectly rebounded to the target of 94500, giving a 1500-point gain!
Today, there are Non-Farm Payroll data. If the market surprises to the downside, then it will still be short. If unexpected positive news appears and causes a reversal, it may give a surprise to those who are bearish at 88000. Based on the performance after the Small Non-Farm and previous market data, it is not uncommon for negative news to lead to long positions and positive news to lead to short positions, creating an opposite trend.
Therefore, this morning we still go long first, and before the data is announced, we will determine our entry based on the published situation. Support at 91000, resistance at 95500. In the morning, we can directly go long in the 92000 area, and exit based on yesterday's rebound high. If there is a strong rebound in the US market data, it will rise to 98000 to complete the ultimate washout.
As for Ethereum, we will follow the same strategy, with support at 3150 and resistance at 3350, primarily going long!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,424.48
+1.05%
ETH
3,286.3
+0.42%
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