Good morning, everyone. Let’s take a look at last night’s cryptocurrency market.
1. BTC/USDT perpetual $BTC
Last night, btc did not consolidate for long before it dropped.
It was said to be due to non-farm payrolls, but I did not pay attention to it.
When trading technically, we focus on technicals and ignore the news side.
I believe everyone had already taken profits on most of the surge from the night before yesterday, and had already moved their stop losses higher.
So in fact, the small drop last night should not have affected us at all.
The only thing with a wick should be that we missed the shorting opportunity. Of course, prices will most likely come back up and test us again.
Or keep making new highs.
2. ETH/USDT perpetual $ETH
eth is a typical follower.
The drop last night also took out my bottom-position profit target.
Overall, it was a pretty good meal.
As I said, prices are highly likely to return to the upper bound of the range, so let’s wait patiently.
3. SOL/USDT perpetual $SOL
If the declines in the first two were more influenced by the news side.
Then sol can be said to have had the technical side in its favor. I have always been saying that once price breaks below the upward trendline, we mainly look bearish.
The big rally the night before yesterday still could not push price above the upward trendline, so the subsequent move was predictable.
Combined with last night’s news, the short positions near the upward trendline were also smoothly taken profit on.
I originally wanted to keep holding it.
But history has shown that fluctuations caused by news are mostly repaired in the end.
We will wait patiently for price to return to the vicinity of the upward trendline again.
#美国初请失业金人数升至20.6万
1. BTC/USDT perpetual $BTC
Last night, btc did not consolidate for long before it dropped.
It was said to be due to non-farm payrolls, but I did not pay attention to it.
When trading technically, we focus on technicals and ignore the news side.
I believe everyone had already taken profits on most of the surge from the night before yesterday, and had already moved their stop losses higher.
So in fact, the small drop last night should not have affected us at all.
The only thing with a wick should be that we missed the shorting opportunity. Of course, prices will most likely come back up and test us again.
Or keep making new highs.
2. ETH/USDT perpetual $ETH
eth is a typical follower.
The drop last night also took out my bottom-position profit target.
Overall, it was a pretty good meal.
As I said, prices are highly likely to return to the upper bound of the range, so let’s wait patiently.
3. SOL/USDT perpetual $SOL
If the declines in the first two were more influenced by the news side.
Then sol can be said to have had the technical side in its favor. I have always been saying that once price breaks below the upward trendline, we mainly look bearish.
The big rally the night before yesterday still could not push price above the upward trendline, so the subsequent move was predictable.
Combined with last night’s news, the short positions near the upward trendline were also smoothly taken profit on.
I originally wanted to keep holding it.
But history has shown that fluctuations caused by news are mostly repaired in the end.
We will wait patiently for price to return to the vicinity of the upward trendline again.
#美国初请失业金人数升至20.6万
