Zhou Yanling: Is the 9.6 Non-Farm Data a Smoke Screen? Latest Trend Prediction and Trading Strategy for Bitcoin BTC and Ethereum ETH Next Week
Yesterday evening, the non-farm payroll data was released, showing an actual increase of 22,000 jobs, significantly lower than the expected 75,000 and the previous value of 74,000. This aligns with recent data trends. The unemployment rate slightly increased by 0.1%, which met expectations. After the release of the weak non-farm data, the market intensified expectations for the Federal Reserve to continue cutting interest rates, leading to a significant drop in the US dollar index and US Treasury yields. After breaking through the short-term resistance level, cryptocurrency prices surged strongly. Initially, the non-farm data was favorable, but subsequent adjustments to the data suggest a smoke screen effect. Many people may have jumped on the bullish bandwagon, but there’s no need to rush; prices are expected to rise again later.
From the perspective of Bitcoin's market performance, the daily chart shows that prices have been oscillating at high levels recently, forming a long upper shadow yesterday, indicating strong selling pressure above. The hourly chart shows a rebound after a series of bearish candles, but the rebound strength is limited, presenting an overall weak consolidation. The MACD indicator on the hourly chart is in a death cross state, with red bars shortening and momentum weakening; the daily MACD remains below the zero line, with bears currently in control. The RSI on the hourly chart is around 43, not in the oversold zone but leaning weak; the daily RSI is below 50, indicating cautious market sentiment. The EMA on the hourly chart shows the 7-period and 30-period moving averages crossing downwards, while the 120-period moving average remains stable, indicating a short-term bearish trend; the daily EMA7 and EMA30 are gradually declining, with prices constrained by EMA resistance. It is expected that the market will oscillate within a range over the weekend, and the trading strategy should focus on selling high and buying low, taking profits when favorable.
Zhou Yanling's 9.6 Bitcoin Trading Strategy:
Buy at 109300-110000, stop loss below 108300, target 111000-112000
Sell at 112200-111200, stop loss above 113200, target 110000-109000
Zhou Yanling's 9.6 Ethereum Trading Strategy:
Buy at 4210-4260, stop loss below 4170, target 4350-4400
Sell at 4420-4370, stop loss above 4470, target 4300-4250
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's 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 over ten years of experience in financial market investment research, currently focusing on analysis and guidance for BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. The author has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investors for a stable and decisive trading style, along with a friendly and responsible personality.
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