Nonfarm data came in worse than expected, and the bulls pushed the price—BTC could grab nearly 4,000 points, while ETH could grab nearly 200 points! 7.3 BTC & ETH strategy

June’s nonfarm payrolls added only 57,000 jobs, close to half of the market expectation. The data for the previous two months was also revised downward, while the unemployment rate fell to its lowest level in a year. The market’s strong concerns about the Fed raising rates soon are being corrected—in other words, the probability of a rate hike is dropping rapidly. As a result, the coin price has surged significantly. The recent long ideas outlined in advance are in line with expectations: BTC can grab nearly 4,000 points, and ETH can grab nearly 200 points—stay with this wave of longs and eat the big meat!

Earlier, I gave long ideas multiple times: BTC long at 58,000-58,500 and ETH long at 1,500-1,530—those plans have been validated. If you followed, you can move your stop loss to lock in profits, or simply take profit directly! Right now, one big “bomb” is still waiting to be exposed—namely, the US-Iran negotiations have hit an impasse. Iran wants to levy fees on ships that pass through the Strait of Hormuz, but the US doesn’t want them to get what they want. It’s difficult to reach an agreement—everyone, wait and see!

**7.3 Long Ideas:**

BTC: Pull back to 59,500-60,000 to enter a long. For the more conservative, enter around 58,500-59,000. Defensive level around 58,000. Targets at around 61,000-61,500-62,000. If it breaks further, look at 62,500-63,000. Continue to trail the stop loss for profit depending on the situation!

ETH: Pull back to 1,600-1,630 to enter a long. For the more conservative, enter around 1,530-1,560. Defensive level around 1,500. Targets at around 1,650-1,700-1,720. If it breaks further, look at 1,750-1,780. Continue to trail the stop loss for profit depending on the situation!

**7.3 Short Ideas:**

BTC: On a rebound to 62,500-63,000, short one position. Stop loss at 63,500. Target at around 61,500-61,000. If it breaks further, look at around 60,500-60,000. Continue to trail the stop loss for profit depending on the situation!

ETH: On a rebound to 1,730-1,750, short one position. Stop loss around 1,780. Targets at around 1,700-1,670. If it breaks further, look at 1,650-1,630-1,600.

The smaller nonfarm data came in worse than expected, and the big nonfarm also unexpectedly turned out badly. The Fed’s pace of rate hikes has to be postponed, but the US-Iran negotiations cannot be concluded smoothly—so the bulls in the crypto market are still likely to face pressure. For now, don’t be overly bullish!