200 Oil Challenge Day 24 of 100,000 Oil
Updating the latest account equity, today I held a position for a day and just opened a short position to take a small bite
2673 + 1100 = 3773
The non-farm payroll is bearish, and this drop is not significant. The main reason is that everyone is waiting for interest rate cuts. Even if there are no cuts in July, the possibility of a cut in two months is still quite high. Without turmoil, there is a lot of room for growth, and there won't be a situation where people panic sell. The reason for the pull to 2635 was the rise of US stocks at opening, which also drove the market up and eventually stabilized to take a bite
The master says a few recent thoughts: today’s market is obviously strong bullish, the drop did not reach my expectations. In the absence of war or turmoil in the next three months, Bitcoin is likely to break new highs and exceed 120,000. My current thinking is to buy low, as market sentiment is high and trading volume is also quite high. A single non-farm data point cannot determine the subsequent trend
In my view, the role of this non-farm data is just to temporarily slow down the extreme rise; it does not cause panic among traders. My advice to brothers is to buy low, manage positions well, and be decisive with profit-taking and stop-loss
Today, many friends may have been trapped again. Currently, it seems that long positions are not a cause for panic, but it is difficult to say about short positions #非农就业数据来袭 $ETH