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Short positions achieved great success. With the Non-Farm Payrolls coming, you can try to position yourself cautiously! 4.2 Midnight Bitcoin Strategy
Yesterday's short idea was boosted by the market leader this morning. Bitcoin shorts were fully closed, and Bitcoin gained over 3,000 points, while Ethereum gained over 100 points—join in to take big profits!
It must be said that Ethereum is hard to beat when strong, but when weak, no other coin compares. Today, it dropped over 100 points. Currently, there are signs of a bottoming out. Yesterday's weak Non-Farm Payroll report was positive, but due to the market leader's comments this morning triggering panic, the market opened lower. The initial jobless claims released today were below expectations at 202,000, slightly positive for stocks and the crypto market. Although the figures were close to expectations, it indicates a slight easing in the labor market. It’s generally predicted that tomorrow’s Non-Farm Payrolls will also be positive! So, tonight, you can try to position yourself for a long.
4.2 Midnight Long Position Strategy:
Bitcoin retraced to 65,500-66,000, buy one contract, with a stop around 64,500. Target around 67,000-67,500-68,000. Adjust stop-loss accordingly based on market conditions!
Ethereum retraced to 1,980-2,020, buy one contract, with a stop around 1,930. Target around 2,030-2,070-2,100. Adjust stop-loss accordingly based on market conditions!
4.2 Midnight Short Position Strategy:
Bitcoin rebounded to 68,500-69,000, continue short. Conservative traders can enter at 69,500-70,000, with a stop around 70,500. Target around 67,000-66,500-66,000. Adjust stop-loss accordingly based on market conditions!
Ethereum rebounded to 2,130-2,160, continue short. Conservative traders can enter at around 2,190, with a stop around 2,230. Target around 2,070-2,040-2,010. Adjust stop-loss accordingly based on market conditions!
Yesterday’s short entry points were very accurate, but it was quite exhausting. Holding onto big profits was great; missing out was very unfortunate. Currently, technical signals still suggest a bottom, but Iran is too strong. Let’s see what the market leader does next! #Gate广场四月发帖挑战