Brothers, just say whether it’s right or not—this is also where the lowest point is nailed down. Brothers, good evening. Today the market isn’t moving much; everyone is waiting for tomorrow night’s Non-Farm Payrolls data release. My prediction is that the numbers probably won’t be too good. If the employment data comes in below expectations, then the probability of further rate hikes will be very low. That would directly fuel the market’s rally on expectations of rate cuts. The price will jump up. Look to see whether today and tomorrow can “poke” through levels with wicks—if it can, then for longs you can open a small position first, then wait for the news to be released.
For the aggressive approach: 64000. For a steadier approach: wait around 63000–62000. If neither of those holds, then you can only wait until the news is out.
At night, the support/resistance for longs and shorts is still 64000. As long as this level doesn’t break downward, the bulls are still strong. The upside targets remain unchanged: 65300–66300–67000.
ETH
Ethereum just perfectly retraced to the first support at 1890, and then rebounded. That shows the support is strong. At night, keep using this level as reference—if it doesn’t break, we’ll look for rebound targets at 1950–1970–2000. If it breaks below 1890, then you can wait for a wick down into the 1850–1820 range and try a long entry.
For the aggressive approach: 64000. For a steadier approach: wait around 63000–62000. If neither of those holds, then you can only wait until the news is out.
At night, the support/resistance for longs and shorts is still 64000. As long as this level doesn’t break downward, the bulls are still strong. The upside targets remain unchanged: 65300–66300–67000.
ETH
Ethereum just perfectly retraced to the first support at 1890, and then rebounded. That shows the support is strong. At night, keep using this level as reference—if it doesn’t break, we’ll look for rebound targets at 1950–1970–2000. If it breaks below 1890, then you can wait for a wick down into the 1850–1820 range and try a long entry.