Zhou Yanling: Weak Fluctuations Before Non-Farm Payrolls on 10.1, Today's Bitcoin and Ethereum Latest Operation Strategies Here
In fact, the decline in the past two days seems somewhat tasteless compared to the previous rise, as it does not solve the trading dilemma of those who were trapped in short positions below 60,000. There are always many people who are deeply trapped in low-position short positions coming to ask Yanling how to break free. They all complain that the decline is too difficult, wishing it would drop significantly so they could at least minimize their losses and escape. I originally wanted to advise them, but as I said, the bearish path is long and arduous. It is normal for some to fall behind or be liquidated along the way. There is no time to lament because you must grit your teeth and continue moving forward. The only thing you can do now is to try to maintain the risk level of your account without being too poor.
Next, Friday's non-farm employment data will be the highlight of this week's market. Last month, after experiencing a strong performance cycle, the market has now entered a short-term correction phase for a brief rest. Therefore, cryptocurrency friends need to closely monitor the developments in the Middle East situation. At the same time, the momentum indicators are slightly less optimistic. The Relative Strength Index (RSI) remains above the midpoint but is clearly trending lower. Similarly, the Average Directional Index (ADX) is hovering above the midpoint and has not shown a strong willingness to rise, indicating that the bullish trend of the cryptocurrency price has slightly weakened recently. It is expected that the market will mainly fluctuate before the non-farm payrolls, so friends who are trapped in low-position short positions need not be too pessimistic. In the short to medium term, if this wave of correction continues to operate below 65,000, the bears will continue to explore further downward space.
10.1 Bitcoin Operation Strategy:
Short at 64500-64000, stop loss above 65000, target 63400-63000, continue to look down towards 62500.
Long at 63000-63400, stop loss below 62500, target 64100-64600.
10.1 Ethereum Operation Strategy:
Short at 2685-2660, stop loss above 2710, target 2620-2590-2560.
Long at 2595-2625, stop loss below 2560, target 2670-2700.
[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on breaking free from positions, and learning market observation skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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