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Bitcoin 4h chart, tonight's non-farm payroll data is expected to show employment numbers below expectations, which reflects in the market as a cool drop. Additionally, there are signs of a decline in the Nasdaq index. Tonight might be an opportunity; if it doesn't break the previous low on the second attempt, it would be a good entry point. Specifically, it depends on the closing situation. If it drops sharply, this period can only be seen as a dead cat bounce followed by continued decline. However, I believe the probability of breaking 60000 directly is low.
Tonight at 9:30, the unemployment rate and non-farm payroll will be announced. If it's positive, gold will likely surge directly; if negative, it may pull back to the ascending trend line before surging again. Of course, it won't necessarily pull back near the ascending trend line since it has been fluctuating for several days without breaking 5000, indicating that the market still has a positive outlook on the fundamental rise of gold. $XAU $XAU
Tonight is another decisive night, the crypto market is already shaky, and the Nasdaq seems to want to drop as well. No matter what, Valentine's Day on 2.14, the probability of a government shutdown in the United States has increased, which is good news for gold!!!
$BTC Acute pulpitis, the pain is causing convulsions, tears are flowing like rain, I didn't even look at the pancake, didn't add to the position, help!!! Calling the dentist
$BTC $ETH The ghost story is coming. In the long run, the target for Bitcoin at the weekly level is around 55000, and Ethereum is around 1550. This means both could drop another 20% to reach those levels. Currently, Bitcoin has dropped about 47% from its peak, and Ethereum has fallen by 60%. Neither has shown any signs of stabilizing. The Nasdaq usually moves with Bitcoin, and Bitcoin leads Ethereum. If the Nasdaq index accelerates its decline, Bitcoin and Ethereum will also speed up their drop. It will be a bloody storm once again. However, for spot trading, this is a good opportunity; the more it falls, the more you buy, buying in batches, and buying on dips.
On December 24, I warned about this bad thing, 易理华, and advised everyone not to blindly follow the trend. Now, it is being targeted by Wall Street, and the market is about to collapse rapidly~#易理华旗下TrendResearch减仓
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Li Hua Yi continues to be optimistic about Ethereum. Many people only look at the headline and follow the FOMO and belief, ignoring the final conclusion. They know that ultimately everything will rise, just not knowing which day it will be. This conclusion is actually well-known! The era of digital economy has already arrived in the form of virtual capital, and the development of cryptocurrencies will definitely be a tortuous advance with a spiral rise. Therefore, looking solely at the conclusion, the logic of continuous buying is not wrong. The mistake lies in those who have leveraged themselves imitating those without leverage and unlimited bullets. They avoided the crash on March 12 and the two significant drops on October 11. They are probably secretly pleased, just regretting not buying in at a low cost during the big drop. Retail investors should just watch and not blindly follow. These big players and the news are quite harmful. The downward trend has not yet changed, and the waterfall acceleration has not yet arrived. Although short-term turning points are appearing, inflation in January is still an unknown factor. The market is still in a wide fluctuation range of 84,000 to 91,000.
$XAU Gold 30-minute bottom divergence, the US stock market is also about to welcome a rebound, the bulls are striking low~ There will be another surge in February, as there will be a massive physical delivery in March~ The lows are being seized by institutions~ Don't get washed out, sell high at the end of February, this post serves as proof!!!
$ETH Ethereum needs to wait for the weekly signal confirmation, it's a bit early to buy the dip now. If you have money, it's recommended to gradually invest in Bitcoin spot. As for gold, there's no need to say more, I've been calling for long positions from 4444 to 5060 every day, what else do you need?