$BTC And the nonfarm payrolls data just came out—price plunged straight from 8092 to 74810, a 600-point flash crash. The bulls are all licking their wounds!
I was watching the 15-minute chart just now as it slid all the way from 8092 to 74810. I thought each of the few bounces along the way was the bottom, but every time, it got slammed back down. It’s now bounced to 75776, but it still looks shaky.
76084 (the upper Bollinger Band) is the first hurdle overhead. Only if it holds above that level might it have a chance to test 77000. Below, 75270 (the lower band) is the short-term line in the sand. If it breaks, the previous low of 74810 will be tested again.
Honestly, this kind of market is exhausting. Chase a rally and you might get stuck; buy the dip and you might catch a falling knife. Either wait for a volume-backed break above 76084 before getting in, or take a small position near 75270 to bet on a bounce—and be sure to use a strict stop-loss.
In this market, it’s better to trade less and watch more. Protecting your principal matters more than anything.#非农就业数据推升加息预期
I was watching the 15-minute chart just now as it slid all the way from 8092 to 74810. I thought each of the few bounces along the way was the bottom, but every time, it got slammed back down. It’s now bounced to 75776, but it still looks shaky.
76084 (the upper Bollinger Band) is the first hurdle overhead. Only if it holds above that level might it have a chance to test 77000. Below, 75270 (the lower band) is the short-term line in the sand. If it breaks, the previous low of 74810 will be tested again.
Honestly, this kind of market is exhausting. Chase a rally and you might get stuck; buy the dip and you might catch a falling knife. Either wait for a volume-backed break above 76084 before getting in, or take a small position near 75270 to bet on a bounce—and be sure to use a strict stop-loss.
In this market, it’s better to trade less and watch more. Protecting your principal matters more than anything.#非农就业数据推升加息预期