Current Time: Early morning, November 7



The short positions around 104,600 for Bitcoin and 3,480 for Ether that I mentioned yesterday are now ripe for harvest—it's time to reap the rewards!
At the time of writing, Bitcoin has reached 100,600, and Ether has hit 3,250—targets fully achieved.

Take immediate action: exit all positions and enjoy the gains! For those willing to take a risk, consider partial profit-taking to lock in profits and prevent the opportunity from slipping away.

Tomorrow’s Non-Farm Payroll report is like a suspense thriller.
The market’s biggest concern right now is: Will the Non-Farm data be released tomorrow?

This situation is essentially a game of “cowardice”:
If the data isn’t released, it means the U.S. government shutdown has set a new record, and the market will lose its most important directional guidance.

If the shutdown ends and the data is released, it’s like igniting three months’ worth of accumulated “gunpowder,” which will undoubtedly trigger a massive shake-up in global markets.

What does this mean for our positions?
If the data isn’t released tomorrow night, our short positions might face a “guidance-less deep squat,” setting the stage for a slow, downward drift over the weekend. Our ultimate target is the 9.3-9.4 range next week.
BTC-0,17%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)