Has Bitcoin moved out of danger? Is it time to buy the dip in tech stocks?
As I analyzed yesterday, the previous rounds of bad news had not yet been fully priced in. Then, with the major negative news from the nonfarm payrolls report, the market—which had rebounded and consolidated emotionally the day before yesterday—suddenly fell. Bitcoin dropped to the level I analyzed: go long around 75,000. Tech stocks fell even harder, and Ethereum dropped to 2,200.
So, is it time to enter the market now?
My personal recommendations are as follows:
For Bitcoin, since many of you went long around 75,000, you can simply keep holding for now. You can take profit on 70% around 77,800. For the remaining position, set a breakeven stop-loss around 80,000.
Ethereum did not reach my target range of 2,165–2,188, so I don’t recommend buying for now. Just wait.
According to on-chain analysis, a large investor went long on Ethereum around 2,240 yesterday, while others went short around 2,280. So 2,200 is the first support level. It’s currently a rest day, and there isn’t much liquidity, so I wouldn’t trade for now. If you do trade, I recommend buying spot in batches.
What about tech stocks?
I’ve said before that I generally stay away from tech stocks. The day before yesterday, I couldn’t resist a friend’s persuasion and made an impulsive trade, but lost quite a bit and cut my losses. Since many of you have bought in, I’ll remind you once again: tech stocks have not bottomed out yet, especially SanDisk and Micron. I don’t recommend buying for now. If you already hold spot positions, keep holding. At the very least, wait until January next year, after the Democrats take office and the policy direction becomes clear.
#非农就业数据推升加息预期 #BTC走势分析 #美国拟收紧数据中心监管，AI扩张或面临新约束
As I analyzed yesterday, the previous rounds of bad news had not yet been fully priced in. Then, with the major negative news from the nonfarm payrolls report, the market—which had rebounded and consolidated emotionally the day before yesterday—suddenly fell. Bitcoin dropped to the level I analyzed: go long around 75,000. Tech stocks fell even harder, and Ethereum dropped to 2,200.
So, is it time to enter the market now?
My personal recommendations are as follows:
For Bitcoin, since many of you went long around 75,000, you can simply keep holding for now. You can take profit on 70% around 77,800. For the remaining position, set a breakeven stop-loss around 80,000.
Ethereum did not reach my target range of 2,165–2,188, so I don’t recommend buying for now. Just wait.
According to on-chain analysis, a large investor went long on Ethereum around 2,240 yesterday, while others went short around 2,280. So 2,200 is the first support level. It’s currently a rest day, and there isn’t much liquidity, so I wouldn’t trade for now. If you do trade, I recommend buying spot in batches.
What about tech stocks?
I’ve said before that I generally stay away from tech stocks. The day before yesterday, I couldn’t resist a friend’s persuasion and made an impulsive trade, but lost quite a bit and cut my losses. Since many of you have bought in, I’ll remind you once again: tech stocks have not bottomed out yet, especially SanDisk and Micron. I don’t recommend buying for now. If you already hold spot positions, keep holding. At the very least, wait until January next year, after the Democrats take office and the policy direction becomes clear.
#非农就业数据推升加息预期 #BTC走势分析 #美国拟收紧数据中心监管，AI扩张或面临新约束
