Jiahao’s Swing Trading Plan for Next Week
Macroeconomic outlook
Israel’s election is on Tuesday, and Netanyahu is trailing Eisenkot in the polls. If the more moderate Eisenkot wins, tensions in the Middle East may ease. Also, the Fed will announce its rate decision early next Thursday. Markets expect no rate hike this time, so the wording of the subsequent remarks will be key. A slightly hawkish tone could actually be positive.
Technical outlook
Prices have continued to decline, with a sharp intraday wick taking the low down to around 79,100. The hourly chart clearly shows that after a rapid dip to the bottom, the price immediately began to rebound and recover. A bullish candle with a long lower wick formed near the lows, creating a textbook bullish engulfing pattern. This indicates concentrated buying pressure below and suggests that technical conditions are in place for a short-term bounce.
Swing trading suggestions
Bitcoin: Go long around 78,800–79,500. Target 81,500; if it breaks through, look for 83,500.
Ethereum: Go long around 2,330–237. Target 2,450; if it breaks through, look for 2,500.
#美国下周将公布Q3GDP和9月PCE #Electrum修复4.8.3前版本高危漏洞 $NVDAB $AAPLB
Macroeconomic outlook
Israel’s election is on Tuesday, and Netanyahu is trailing Eisenkot in the polls. If the more moderate Eisenkot wins, tensions in the Middle East may ease. Also, the Fed will announce its rate decision early next Thursday. Markets expect no rate hike this time, so the wording of the subsequent remarks will be key. A slightly hawkish tone could actually be positive.
Technical outlook
Prices have continued to decline, with a sharp intraday wick taking the low down to around 79,100. The hourly chart clearly shows that after a rapid dip to the bottom, the price immediately began to rebound and recover. A bullish candle with a long lower wick formed near the lows, creating a textbook bullish engulfing pattern. This indicates concentrated buying pressure below and suggests that technical conditions are in place for a short-term bounce.
Swing trading suggestions
Bitcoin: Go long around 78,800–79,500. Target 81,500; if it breaks through, look for 83,500.
Ethereum: Go long around 2,330–237. Target 2,450; if it breaks through, look for 2,500.
#美国下周将公布Q3GDP和9月PCE #Electrum修复4.8.3前版本高危漏洞 $NVDAB $AAPLB
