Zhou Yanling: On September 30th, the non-farm payrolls and the Golden Week coincide with the National Day holiday. There will definitely be significant movements in the cryptocurrency market this week

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周彦灵
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2 days ago

Zhou Yanling: 9.30 Non-Farm Payrolls Week Meets National Day Holiday, Big Moves Expected in the Crypto Market This Week!

Starting tomorrow, we will enter holiday mode, but market trading hours remain unaffected, and we are welcoming a super Non-Farm Payrolls data week. For those planning to travel, please try not to leave open positions or pending orders. However, for those who have time to participate during the holiday, you can follow Yanling's real-time updates. As we all know, when we are on holiday, significant events are happening outside, especially during short holidays. In the second half of the year, we should pay attention to one Golden Week and one Spring Festival week, as these two periods are prone to significant market surprises, and once they occur, price volatility will be very noticeable.

Today is the last trading day of September. The entire month of September has seen the crypto market maintain a steady upward trend, continuously breaking resistance and climbing higher. Today, on the last day, we experienced a pullback, which is actually good; adjustments and corrections will provide more momentum for future increases. From a technical indicator perspective on the daily chart, this is the first large bearish candle since the rise began in September, but this bearish close is not a signal of a peak; it simply indicates that the short-term bulls are weak and need an adjustment period. Additionally, signals of narrowing patterns have appeared on the four-hour and smaller timeframes, indicating a demand for adjustments in the short term. Yesterday, Yanling also provided a bearish layout. Although the market was sideways for a whole day yesterday, the movement today on Monday is acceptable; better late than never. Therefore, tonight's operations in the U.S. market will continue to focus on weak adjustments. For those who entered the short position I provided yesterday, you can reduce your position and hold on to continue looking down. If you have no positions, just wait for a rebound opportunity to re-enter.

9.30 Evening Bitcoin Trading Strategy:

  1. Short at 64000-63600, stop loss above 64500, target 63000-62500

  2. Long at 62400-62900, stop loss below 62000, target 63700-64200

9.30 Evening Ethereum Trading Strategy:

  1. Short at 2645-2615, stop loss above 2680, target 2570-2540

  2. Long at 2530-2565, stop loss below 2500, target 2610-2640

【The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】

This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat Official Account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other crypto contracts/spot operations. For more real-time community guidance, consultation on position recovery, and learning trading skills, you can follow the teacher's official account: Zhou Yanling to find the teacher.

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