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Today, influenced by the non-farm payroll report, the market declined throughout the evening. We also took advantage of the trend to enter the market and made some profits. Both long and short positions participated today, earning significant gains.
Bitcoin
Bought at 91878, sold at 93491, gaining 1613 points
Shorted at 92556, exited at 91698, gaining 858 points
Altcoin
Shorted at 3248, exited at 3201, gaining 47 points
The bearish force is dominant, and the price has repeatedly broken below the moving averages. The lengthening of the MACD green bars indicates that the downtrend is still ongoing. This rally always feels like a fleeting moment, but even if the price is currently pulling back, I still maintain a bullish outlook. From a technical perspective, the daily chart shows that recent prices have pulled back, forming a long bearish candle, indicating that the bears are temporarily in control. On the hourly chart, there have been multiple lower shadows around 91400, suggesting short-term support, but overall, the market remains in a weak oscillation. There's no need to panic if you're caught; the market is naturally fluctuating within a range, with ups and downs, which is normal.
Bitcoin between 91500-91000, aim to trade sideways, target 93000
Altcoin between 3130-3100, aim to trade sideways, target 3250
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