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Brother Wu is here to review yesterday's market again. Last night, the Ethereum longs were profitable, right!!!
Currently, $BTC has successfully stabilized at 61000, and $ETH has successfully stabilized at 1700. Last night, after the non-farm payroll data was released, the market quickly saw a rebound with a spike to around 1670, then quickly pulled back to around 1650. Because the unemployment claims survey showed too many unemployed, the market believed that interest rate hikes would be postponed to the end of the year. This news was directly bullish for the crypto market. Brother Wu decisively led his followers to set up Ethereum longs. Once the US stock market opened, Ethereum accelerated its rise, and the market went all the way to around 1725 before starting to pull back and consolidate.
As for the overall trend, Brother Wu is bullish. However, there are a large number of pending short orders at Bitcoin 62000, so the selling pressure near this level is definitely strong. But as long as Bitcoin breaks through this key level, the market will experience a small unilateral move.
Brother Wu has already laid out the strategy for mainstream coins this morning. Those who want to copy the answers can do so directly now. Brother Wu will also deploy intraday altcoins! #ETH突破1700
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