Do not worry about having no friends on the road ahead; there are like-minded individuals on the investment journey. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the King’s articles and videos. I also hope that the brothers who have been following the King will return and join the Coin Victory Group to seize the great era of the cryptocurrency market.

Click the link to watch the video: https://www.bilibili.com/video/BV1i34FeSEhc/

First, let’s review the Bitcoin and Ethereum strategies that the King publicly shared yesterday. Below, the King provided a strategy to buy near 60,000, with a stop loss of 300 points. Last night, the lowest price reached 59,840, which did not hit the stop loss, providing a good entry opportunity. The rebound profit has now exceeded 1,500 points. The strategy to short at 62,400 was not available yesterday, so no short positions were entered.

The most important thing to pay attention to tonight is the non-farm payroll data. Currently, the likelihood of the non-farm data being bearish for the market is quite high. However, we need to understand that besides news affecting the market, market sentiment and the flow of funds also hold significant importance. Coupled with recent geopolitical issues and the U.S. elections, we can see that capital is intentionally anchoring Bitcoin to gold, highlighting its value as a safe-haven asset. Those familiar with the King’s writings should know that I often analyze the market from a game theory perspective.

So, facing the current market situation, let’s think from a game theory perspective, which might provide some different insights. If the market drops below 60,000 after the non-farm data is released, long positions may feel fear. If it drops and then quickly rebounds, forming a long lower shadow on the hourly chart, short-term long positions may feel the market has stabilized. Even if it tests 60,000 multiple times and shows signs of potentially breaking below, if you are just holding long positions, how would you operate? For most retail investors, there is only one outcome: choosing to take small profits and close positions because making money is better than losing money. From the short-seller's perspective, they would think that the overall market is in a downtrend, and the non-farm data may also be bearish, making shorting the trend. If the market drops below 60,000, I would follow the trend and enter a short position. However, if the reality is that the market drops below 60,000 and then quickly rebounds above 60,000, testing it multiple times without breaking below, it means that short positions are always in a losing state. In this situation, retail investors can only do two things: either accept being stuck in positions or choose to stop-loss within the range of 60,300 to 60,500. How can we avoid being pulled back and forth by the market makers? The answer is simple: stay out of the market. In this kind of market, the potential profit is very clear, but if you rush to operate, the potential loss could be equal to your profit, making it quite limited in significance. In this market, it is straightforward: the current range has not been broken, and at key positions, you should act accordingly and test it with small stop losses.

For Bitcoin, look at the 62,400 level I provided in yesterday's article, which suggested a short with a stop loss of 300 points. This strategy remains valid in front of today’s non-farm data. Currently, there has been no change in the technical trend, and the 60,000 level below is definitely a point to consider for long positions. If you look at yesterday, those who took long positions had multiple opportunities and are now over 1,500 points in profit. Therefore, the position given today is still worth operating, with a stop loss of 300 points. For unexpected stop losses, I think it’s appropriate to consider the non-farm data's bullish or bearish implications or if it exceeds expectations. If it deviates significantly and is very bearish, it may be worth chasing a position, but this depends on the data.

Now let’s take a look at the Ethereum market. The upper resistance level I provided yesterday was 2,420–2,410, which did not provide an entry opportunity for short positions. Below, I suggested a long attempt with a stop loss of 10 points at 2,350, but this strategy was not effective, and the space below has further opened up, highlighting the current sluggishness of Ethereum. If we want to attempt a long position, we need to adjust the lower space downwards, possibly to a range of 2,305–2,310, with a stop loss of 15 points. If the non-farm data is significantly bearish, we can directly follow the trend and enter short positions, aiming for a profit of 80–100 points.

This article is independently written by the Coin Victory Group. Friends in need of current strategies and solutions can find the Coin Victory Group online. Recently, the market has been mainly fluctuating, accompanied by intermittent spikes, so when making trades, remember to control your take profit and stop loss. In the future, when facing major market data, the Coin Victory Group will also organize live broadcasts across the internet. If you need to watch, you can find the Coin Victory Group online and contact me for the link.

Mainly focused on spot and contract trading for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles such as mobile locking strategies around high and low support and resistance, short-term swing trading, medium to long-term trend positions, daily extreme pullbacks, weekly K-top predictions, and monthly head predictions.

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