Monday Opening Warning: Don't be fooled by the "false jump"; next Wednesday
#CPI is the real slaughterhouse!
Brothers, time is tight, let's get straight to the point.
Many people are still waiting for a big rebound on Monday's opening, I want to advise everyone: wake up, look up and see where the macro "pump" is inserted.
1. Why is it not yet time to buy the dip?
Crude oil pressing down: Take a look at USOIL in my watchlist, still hovering around $96. Crude oil is the father of inflation; if it doesn't go down, the Federal Reserve's "interest rate cut dream" is just a trick.
DXY dollar index rising: The dollar index has already risen above the 100.3 mark. Large capital is madly retreating to the dollar for safety, liquidity is being rapidly drained.
2. Leveraging deduction: The trap of inducing more on Monday
Based on the details of the market, I predict that there will likely be a false rebound on Monday. The main force will use the old account of "non-farm payroll good news leading to interest rate cuts" to test the pressure zone of 70900 - 71200.
Remember: If it can't stabilize above 72000, all rebounds are just to set up for a sharper decline!
Everyone is playing for real money in the market, we must set our positions firmly:
BTC short position: Enter near 70900 - 71200, set stop loss at 72100. If this range can't be broken, target directly at 68500.
BTC long position: Unless it drops to the strong support zone of 67500 - 68200, absolutely do not catch the falling knife! Stop loss at 67000.
ETH strategy: Keep a close watch on 2040, if it can't break through, go short, target at 1950. Set stop loss at 2080.
$BTC