Non-farm data exceeds expectations, unemployment rate rises to the highest in four years, small profit on long positions! 12.17 Bitcoin strategy
The non-farm data exceeds expectations, but the unemployment rate rises to the highest in four years. The two pieces of data are contradictory, and then the understanding king claims that interest rates can be lowered even further. The price of coins did not retrace much, but the rebound strength is also relatively weak. The long positions given yesterday can all be executed, Ethereum can gain 30-60 points, while Bitcoin can only gain a little over a thousand points! The fluctuation is not large, so it can be protected with a breakeven stop-loss or take profit, and wait for a pullback to ambush!
The daily Bitcoin chart shows a long bullish candlestick with a long shadow, while Ethereum shows a long lower shadow doji. In a downward trend, a doji indicates a potential rebound, everyone should be cautious about shorting! Today's strategy is to buy on a pullback!
12.17 Long position strategy:
Bitcoin pullback 86000-86500 for long, conservative traders can enter at 85000-85500, with a stop-loss near 84000, target at 87500-88000-89000, if broken, look for 90000-91000-92000, continue to move the stop-loss based on the situation!
Ethereum pullback 2900-2930 for long, conservative traders can enter at 2830-2860, with a stop-loss near 2800, target at 3000-3050, if broken, look for 3100-3150-3180, continue to move the stop-loss based on the situation!
12.17 Short position strategy:
Bitcoin rebound 91000-91500 short one hand, stop-loss near 92500, target at 90000-89500, if broken, look for 89000-88500-88000
Ethereum rebound 3180-3200 short one hand, stop-loss near 3230, target at 3100-3050, if broken, look for 3000-2950
The coin price rebounded after breaking through the lower track of the daily line. Although the overall trend is relatively weak, there is no very bearish news to suppress the coin price, so do not blindly look bearish! Recently, the main issue is the low liquidity, so pay more attention to the flow of funds in the future! #美国非农数据超预期
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