Trader Hero - Old Zheng's Morning Thoughts Sharing on Friday
Yesterday's non-farm payroll data was released, and a rate cut in December is basically out of the question, leading to a black swan event that directly crashed the market: Bitcoin plummeted nearly 5000 points in one wave, and Ethereum also dropped to 2788, with a total decline of over 300 points. In this kind of market, chasing highs and cutting losses is the worst strategy; one wrong step could lead to being trapped in a "heaven and earth lock."
The current rebound is just a technical pullback; don't treat it as a reversal signal. Just stick to the rhythm of "shorting on rebounds." Looking again at the 4-hour level: even if there is a slight rise recovering some lost ground, the bears still firmly control the situation, with all moving averages in a bearish arrangement. The bulls' attempts are simply insufficient, and the weak pattern shows no signs of loosening.
Short near 87500-88000, target around 85000-83000. Auntie is short around 2950-3000, targeting around 2800-2750.
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Trader Hero - Old Zheng's Morning Thoughts Sharing on Friday
Yesterday's non-farm payroll data was released, and a rate cut in December is basically out of the question, leading to a black swan event that directly crashed the market: Bitcoin plummeted nearly 5000 points in one wave, and Ethereum also dropped to 2788, with a total decline of over 300 points. In this kind of market, chasing highs and cutting losses is the worst strategy; one wrong step could lead to being trapped in a "heaven and earth lock."
The current rebound is just a technical pullback; don't treat it as a reversal signal. Just stick to the rhythm of "shorting on rebounds."
Looking again at the 4-hour level: even if there is a slight rise recovering some lost ground, the bears still firmly control the situation, with all moving averages in a bearish arrangement. The bulls' attempts are simply insufficient, and the weak pattern shows no signs of loosening.
Short near 87500-88000, target around 85000-83000.
Auntie is short around 2950-3000, targeting around 2800-2750.
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