Cryptocurrency Daily Analysis (01.09)
Summary:
1. Let's talk about altcoins.
2. Answer fan questions (central leaving pen and ETH)
3. Is the China-U.S. trade war 2.0 the Plaza Accord 2.0?
4. Discuss Non-Farm Payrolls and U.S. stocks.
5. Long cycle - short-term - medium cycle
6. The range of 86200-87000 is crucial; after hitting it, begin to push losses.
Operations:
1. $BTC short position at 96000; profit-taking targets have been discussed in the previous 2 analyses, let me reiterate. Profit-taking in three batches at EMA30 on the weekly chart, MA250 on the daily chart, and EMA60 on the weekly chart. Once the price entity breaks below 91500 and hits 87000, start to gradually push losses.
2. $ETH do not short; you can allocate funds to long Ethereum against Bitcoin's exchange rate. Build positions in batches from 0.032-0.035, with a profit-taking target of 0.05.
3. Hold the short position of $SOL ; no need to add to the position. Profit-taking targets will be reiterated, in two batches at 166/144.
4. Set a long position for Ethereum at 2820, do not set a stop loss for now; after achieving a profit of 100 points, exit half of the position and set the stop loss at 2720.