How to lay out Bitcoin after the non-agricultural data?

CN
萧万东
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2 years ago

Unexpectedly Strong Non-Farm Payrolls Data on Friday, with an increase of 199,000 in employment and a decrease in the unemployment rate to 3.7%. The monthly wage growth exceeded expectations. Meanwhile, as American households lowered their inflation expectations for the next year to the highest level in 22 years, consumer confidence in the United States rebounded significantly in early December, surpassing expectations. After the data was released, the market's bet on a rate cut by the Federal Reserve in 2024 decreased, possibly delaying the timing of the rate cut.

Bitcoin broke through the new high of 44,780 yesterday and then corrected under pressure. The weekly closing is likely to end with high volatility. The short-term range is temporarily locked within 43,500-44,800, showing signs of repeated fluctuations. The trend is still strong on the long side, but it has entered a consolidation and accumulation phase in some areas. The overnight correction did not continue, so the strategy for today is to continue buying on the dips.

Long Bitcoin in the 43,500-43,700 range, target 44,500, stop loss at 43,200.

Long Ethereum in the 2,320-2,330 range, target 2,485, stop loss at 2,290.

The above content is for reference only. Investment carries risks, and entering the market requires caution. Friends who are in unfavorable positions or have reduced positions due to unfavorable operations can seek advice. With the return of the bull market, standing at the forefront, if you follow, I will lead you to the path of financial freedom. We fight for the future, we fight for ourselves.

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