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$ETH Today's first order, hold off on long positions for now, immediately give me short positions now
First, look at the market structure which has already clearly weakened, with highs continuously moving lower, and prices consistently suppressed by moving averages, with rebound strength weakening. Just now, the lowest has already dipped to around 2263, and the current sideways movement looks more like a downward correction rather than a stabilization reversal.
More importantly, tonight's news environment is very pressured: expectations for the next Federal Reserve Chair, increased market risk aversion, at 20:30 tonight the major non-farm payroll data, volatility will definitely increase, and in the early morning Trump will speak, sign a heavy trade law, and may even mention war/peace-related processes. Once such news turns bearish, financial markets are very likely to experience a collective pullback, and the crypto market will find it hard to remain unaffected.
Brother Bai has already notified fans to go short around 2281, waiting for the waterfall to wash out, and has organized key levels and response strategies. Due to time constraints, no public calls will be made, only those who can execute will be involved.
$BT$LAB #Gate广场五月交易分享 #比特币跌破8万美元