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Friday, Non-Farm Payrolls are coming, and the short-selling strategy remains unchanged
The non-farm data will be released at 8:30 PM tonight, but since the US stock market is closed, the expected volatility won't be too high. This data release will have a significant impact on the next Federal Reserve interest rate decision. Large fluctuations will depend on Monday’s opening. Until then, we will continue with the short-selling approach.
Yesterday, the price fluctuated within a range, rebounding after the US session to test the 67,300 level. The candlestick oscillated around the four-hour box, with clear resistance above. Avoid chasing high for now; if the price cannot break above the 70,000 mark, treat the market as weak. A slight rebound tonight can be used to enter short positions, with the same approach applied to Ethereum.
Bitcoin: Short in the 67,000-67,500 range, target 65,000, reduce positions if broken
Ethereum: Short in the 2,060-2,080 range, target 1,900, reduce positions if broken