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Old九歌
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Bullish
$ETH $BTC
Breakfast Plate Explanation:
Today is a rebound market. Will tomorrow's non-farm payroll be a big event?
Bitcoin has dropped 10,000 dollars without any rebound, while Ethereum has seen a drop of 500 dollars, with no rebound in between. Last night, a spike occurred with a sudden large volume of transactions, and during the day, it will experience a spiral rebound.
Both the elder and younger brothers have currently formed a golden cross on the 4-hour chart and will also see a false golden cross on the 6-hour chart. With continuous drops of over ten bars, even a lump of dung has to rebound with two green bars.
The Bollinger Bands on the 1-hour and 2-hour charts have started to narrow, indicating a larger space for upward movement. It will coincide with the 4-hour chart, which will see 3-4 bars touching the middle band.
The RSI on the 4-hour chart is also oversold, especially for Ethereum, which is very serious. It is estimated that a very severe washout will occur before Ethereum's upgrade. The narrative has begun, and gradually funds will enter Ethereum for speculation.
Last night, the minor non-farm payroll showed weakness and dropped, while tomorrow night's major non-farm payroll may have a greater chance of rising. However, it is still in a bearish trend; any upward movement is not a reversal but mainly a rebound. A real reversal may have to wait until the former president takes office again.
In terms of operations, if there is a re-test of 93,325 today, lay out long positions with stop losses at 1000 and 50. If it attacks 965 and 3410, short positions can be laid out with stop losses consistent with the long positions.
Breakfast Plate Explanation:
Today is a rebound market. Will tomorrow's non-farm payroll be a big event?
Bitcoin has dropped 10,000 dollars without any rebound, while Ethereum has seen a drop of 500 dollars, with no rebound in between. Last night, a spike occurred with a sudden large volume of transactions, and during the day, it will experience a spiral rebound.
Both the elder and younger brothers have currently formed a golden cross on the 4-hour chart and will also see a false golden cross on the 6-hour chart. With continuous drops of over ten bars, even a lump of dung has to rebound with two green bars.
The Bollinger Bands on the 1-hour and 2-hour charts have started to narrow, indicating a larger space for upward movement. It will coincide with the 4-hour chart, which will see 3-4 bars touching the middle band.
The RSI on the 4-hour chart is also oversold, especially for Ethereum, which is very serious. It is estimated that a very severe washout will occur before Ethereum's upgrade. The narrative has begun, and gradually funds will enter Ethereum for speculation.
Last night, the minor non-farm payroll showed weakness and dropped, while tomorrow night's major non-farm payroll may have a greater chance of rising. However, it is still in a bearish trend; any upward movement is not a reversal but mainly a rebound. A real reversal may have to wait until the former president takes office again.
In terms of operations, if there is a re-test of 93,325 today, lay out long positions with stop losses at 1000 and 50. If it attacks 965 and 3410, short positions can be laid out with stop losses consistent with the long positions.
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