Zhou Yanling: 10.6 Non-Farm Payrolls Shakeout Causes Confusion, Bitcoin and Ethereum Latest Trend Prediction and Analysis for Next Week
The non-farm payrolls made a lot of noise but had little impact, resulting in a deep V-shaped movement back and forth, yet the coin price remains largely unchanged, moving in solitude. However, this rapid drop and rise likely caught many off guard, leaving them unsure whether to go long or short. Isn't this a classic shakeout? Therefore, not participating was actually the best choice. Yesterday, Yanling was busy outside and didn't have time to update the article. Now, looking back at the market, the coin price has returned to a state of consolidation, and there was no significant movement throughout the day.
After the non-farm payrolls shakeout, Bitcoin's trend has become clearer, with a bullish mid-term outlook unchanged and a short-term consolidation pattern just for building momentum. Many people are bearish, and Yanling is also bearish today, but this bearish stance is only for the short term; I will exit once there is profit. For those who are bullish, as long as the entry price is relatively low, there is no need to worry; one can hold onto it for the medium term. When it was at 64000, many were bearish, and it eventually rose to 66000. Now, many are bearish again, and the situation is the same. This is the market; the more bulls and bears there are, the more exciting it becomes. So, in the short term, today's weekend operations will continue to treat it as a consolidation, with resistance levels at 62500 and 64200, and support to watch around 60000.
10.6 Bitcoin Short-Term Trading Strategy:
Short at 62500-62000, stop loss above 63000, target 61200-60700, continue to look for a decline towards around 59900.
Long at 60800-61300, stop loss below 60300, target around 6200-62500, continue to look for an upward move towards around 63700.
10.6 Ethereum Short-Term Trading Strategy:
Short at 2450-2420, stop loss above 2480, target around 2390, continue to look for a decline towards around 2350.
Long at 2340-2370, stop loss below 2310, target around 2400.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's 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 public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on breaking even, learning market analysis skills, etc., you can follow the teacher's public account: Zhou Yanling to find the teacher.
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