Wednesday’s rebound was driven by sentiment around the news! But I don’t recommend chasing it tonight!
News has had a major impact this week. Don’t chase highs or lows, especially in gold. The resistance is very clear at 4070, with support at 3900. With daily swings of around 100 points, just follow the trend once it emerges.
As for Bitcoin, the controlled price fluctuations aren’t very large. I still recommend focusing on shorting rallies. With so many positive news items and no rise, you know what that means. Resistance: 792–803! Support: 750–730!
Lastly, tonight’s ADP employment report is expected to come in at 6.9, versus the previous reading of 9. I expect little change this time, with a reading of around 5–7. It shouldn’t greatly exceed expectations; otherwise, the market may shift back into reversal mode.
Gold: Short at 4055–65, stop at 4090, target around 3955!
Bitcoin: Short in the 786–790 zone, stop at 802, target 756–738.
That’s all for now. Wishing everyone the best! $BTC $XAUT #美国中期选举：市场有哪些期待？ #美国10月非农出炉：降息还有戏吗？
News has had a major impact this week. Don’t chase highs or lows, especially in gold. The resistance is very clear at 4070, with support at 3900. With daily swings of around 100 points, just follow the trend once it emerges.
As for Bitcoin, the controlled price fluctuations aren’t very large. I still recommend focusing on shorting rallies. With so many positive news items and no rise, you know what that means. Resistance: 792–803! Support: 750–730!
Lastly, tonight’s ADP employment report is expected to come in at 6.9, versus the previous reading of 9. I expect little change this time, with a reading of around 5–7. It shouldn’t greatly exceed expectations; otherwise, the market may shift back into reversal mode.
Gold: Short at 4055–65, stop at 4090, target around 3955!
Bitcoin: Short in the 786–790 zone, stop at 802, target 756–738.
That’s all for now. Wishing everyone the best! $BTC $XAUT #美国中期选举：市场有哪些期待？ #美国10月非农出炉：降息还有戏吗？
