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Next week, will BTC continue its rally or turn downward? Let's analyze the market and discuss our strategy together.
Last night's Non-Farm Payrolls (NFP) prompted me to go long following the trend. The space was small, but it could still improve life a bit.
Today, the U.S. stock market is closed, so the trading range will be relatively dull. BTC is temporarily oscillating within the 60000-62000 range. The operation approach is unified: sell on rallies, and be sure to strictly set stop-loss defenses.
Looking ahead to next week, my personal overall strategy is to go short first and then long, clearly arranged in two points:
1. This round, from 58000 all the way up to 62000, saw continuous gains over two days without sufficient pullback and consolidation. Next week, the market will likely first undergo a pullback adjustment. We can place short orders relying on the 61500-62000 range, with a downside target of 60400-59400.
2. After back-and-forth washouts between long and short positions, from the liquidation landscape, it's evident that at this stage, chasing long positions has limited liquidation space. Once the price retraces to the 60500-59500 support range, directly reverse and go long, with upside targets successively looking at 63000-65000.
Additionally, various NFP data overall favor the market. The bullish momentum brought by the market has not been fully digested yet. After the pullback stabilizes, it will still have the momentum to rise and charge higher.$BTC $ETH #GateCard上线积分体系