$BTC Bearish nonfarm payrolls?
When haven’t nonfarm payrolls been bearish? As long as support holds, that’s bullish!
---Using 75,300 as support, you can plan for a rebound. Set the stop-loss $800 away.
---Demand is relatively weak, so I don’t know where the target is. Take profit for every $1,000 move, with 78,700 as the final target.
---78,700 is the preferred level to open a short. It’s not only a resistance level on the left side of the chart, but also the 61.8% Fibonacci retracement level.
When haven’t nonfarm payrolls been bearish? As long as support holds, that’s bullish!
---Using 75,300 as support, you can plan for a rebound. Set the stop-loss $800 away.
---Demand is relatively weak, so I don’t know where the target is. Take profit for every $1,000 move, with 78,700 as the final target.
---78,700 is the preferred level to open a short. It’s not only a resistance level on the left side of the chart, but also the 61.8% Fibonacci retracement level.
