July 2 BTC ETH Market Morning Report: Tonight, non-farm data is coming early, proceed with caution.

CN
1 hour ago

Yesterday's strategy was relatively conservative, missing the two high short positions mentioned in the article, BTC61100 and ETH1645. Looking back, it seems that they just touched and then came down. For a whole month, I have been precise in entering and exiting positions. Suddenly having to hold orders is still a bit uncomfortable for me, and I've become more cautious. Since I said to abandon these two levels, I won't consider them today. I will patiently wait for a rebound at a higher position to continue shorting:

First, let's discuss the strategy:

BTC: Referencing resistance around 62400-63600 for rebounds, with target support levels around 60500-58500-57500

ETH: Referencing resistance around 1678-1720 for rebounds, with target support levels around 1610-1550-1510-1380

Operational Logic: The non-farm data has been brought forward to tonight, and this data may affect the Fed's stance. Coupled with yesterday's dovish remarks from Waller, my strategy today remains conservative; I would rather miss out than take risks! I hope everyone can understand!

On the daily level, there is pressure near the 21-period moving average and the middle band of the Bollinger at around 62200. The lower band continues to open downwards. With yesterday's price stretch, the KDJ shows a golden cross diverging upwards, while the MACD shows the energy bars breaking the zero axis, and the fast and slow lines also form a golden cross upwards. The small indicators are slightly retracting with the price and begin to show a death cross downwards, indicating a certain need for retraction. Still, as I said, K-line and indicators are only results of price, not causes of price! In combination with recent fundamentals and the continuous large outflows from major institutions daily and the non-farm data announcement tonight, I suggest maintaining a solid short position at high levels today!

$BTC

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