Wall Street Encryption Morning Report 09.05: The Heavenly Barrier Has Fallen! Repeatedly Testing the Bottom
Viewpoint: The current big pie is a "three no" variety! This is the viewpoint that was shared with everyone three days ago, namely "no volume, no strength, no popularity". In the past two days, I also mentioned another "one less", that the big pie will suffer from ruthless pressure from the bears! The reasons were analyzed in yesterday's morning report, which I won't elaborate on here. Today is the first Friday of September, and the upcoming "non-farm" data will have what kind of impact? Based on our judgment, even if some economic data may improve, most have not shown signs of recovery. The expectation of the Federal Reserve cutting interest rates is a temporary stimulus to the market. Therefore, the recent trend of Bitcoin is not optimistic. Thus, in terms of operation, everyone can still consider reducing long positions on rallies or primarily looking for shorting opportunities.
Operation strategy: You can short near 111600 and 112500, and when it急跌至108800 and 108200, you can buy to seize the rebound, using a quick in and out swing operation;
Risk Warning: Long position stop loss at 107000, short position stop loss at 113500.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Wall Street Encryption Morning Report 09.05: The Heavenly Barrier Has Fallen! Repeatedly Testing the Bottom
Viewpoint: The current big pie is a "three no" variety! This is the viewpoint that was shared with everyone three days ago, namely "no volume, no strength, no popularity". In the past two days, I also mentioned another "one less", that the big pie will suffer from ruthless pressure from the bears! The reasons were analyzed in yesterday's morning report, which I won't elaborate on here. Today is the first Friday of September, and the upcoming "non-farm" data will have what kind of impact? Based on our judgment, even if some economic data may improve, most have not shown signs of recovery. The expectation of the Federal Reserve cutting interest rates is a temporary stimulus to the market. Therefore, the recent trend of Bitcoin is not optimistic. Thus, in terms of operation, everyone can still consider reducing long positions on rallies or primarily looking for shorting opportunities.
Operation strategy: You can short near 111600 and 112500, and when it急跌至108800 and 108200, you can buy to seize the rebound, using a quick in and out swing operation;
Risk Warning: Long position stop loss at 107000, short position stop loss at 113500.