The big non-farm payroll is coming, and cryptocurrency prices have stopped falling and are cautiously rebounding! On 12.15, the market sentiment is mixed.
Although the Federal Reserve cut interest rates by 25 basis points, Powell's speech suppressed cryptocurrency prices. After a brief injection, prices are in a pullback trend, but the extent is not significant, having only fallen by more than six thousand points in recent days. Currently, market liquidity is low, and this morning, prices have already stopped falling and rebounded!
The cryptocurrency has not broken below the daily Bollinger Bands, and the bands are gradually narrowing, indicating that the pullback strength is weak. The KDJ fast line is turning upward, and the MACD dual lines are rising, but trading volume has not increased, and liquidity is too low. Tonight's strategy is to pull back and go long!
12.15 Long Position Strategy:
For Bitcoin, go long at the pullback of 88000-88500, for conservative traders, enter at 87000-87500, with a stop loss near 86000, targeting 89500-90000-91000, if broken, look at 91500-92000-92500, and continue to adjust the stop loss based on market conditions!
For Ethereum, go long at the pullback of 3070-3100, for conservative traders, enter at 3020-3050, with a stop loss near 2980, targeting 3100-3150-3180, if broken, look at 3220-3250, and continue to adjust the stop loss based on market conditions!
12.15 Short Position Strategy:
For Bitcoin, short one lot at the rebound of 92500-93000, with a stop loss near 94000, targeting 91500-91000, if broken, look at 90000-89500, and continue to adjust the stop loss based on market conditions!
For Ethereum, short one lot at the rebound of 3250-3280, with a stop loss near 3320, targeting 3200-3180, if broken, look at 3150-3100, and continue to adjust the stop loss based on market conditions!
I haven't updated in the past few days due to some family matters and may be busy for a few more days. However, I will update the trading strategy when I have time, with a focus on tomorrow night's non-farm payroll. Interest rates have already been cut, and if the non-farm payroll is favorable, I feel it will be easy to chase a lot, potentially gaining two to three thousand points. The same applies to unfavorable news! #加密市场观察
