Today’s chart is pretty interesting.
There are 7 Buy signals on, and market sentiment is on the bullish side. ETF outflows are 222M—this has been going on for several days. One says go long, and the other says be careful. Who are you listening to?
I’m not listening to either side. The non-farm payrolls will be released tonight at 8:30. Before that, all operations are just betting.
There are really only two decent strategies—either take a light position to go long and bet on the non-farm coming in above expectations, or stay completely out and wait for the data to land before entering. Personally, I choose the latter. For data of this magnitude like the non-farm, no matter whether the expectations are accurate or not, the moment the data is released the market will swing violently. It’s better to enter at the right time than earlier.
BTC is now 60,285. It surged up from 57.8K today. Technically, the 58,800 level has been tested three times and never broken, indicating strong support here. But 62,000 is also a prior resistance zone.
Before the non-farm payrolls, don’t do anything—actually it’s the most安心👇