Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Is the government shutdown "blowing out" shocking data? Caution in short orders to make money as US stocks pull back! 10.8 BTC ETH strategy.
The U.S. Labor Department's September employment report, originally scheduled for release last Friday, is one of the key data points delayed since the government shutdown last week. Previously, economists surveyed expected non-farm payrolls in September to increase by 54,000 from the August total (about 159 million), while Carlyle's estimate was only for an additional 17,000 jobs, making it one of the weakest outcomes since the U.S. economy began to recover from the 2020 recession. As a result, U.S. stocks closed lower, and cryptocurrency prices followed suit with significant declines. Yesterday, I made money on short order ETH! I cleared two orders, and currently, I still hold one! Those who followed can adjust their stop-loss to protect profits!
After six consecutive bullish candles on the daily BTC chart, a large bearish candle closed this morning. The Bollinger Bands' opening trend has also clearly slowed down, with the KDJ three lines turning downwards from a high position and forming a death cross. The MACD double lines are moving downwards, and the trading volume is decreasing, indicating a strengthening of the bears. Therefore, for intraday operations, Conan suggests focusing on shorting during rebounds! The upper resistance levels to watch are 122700, 123500, 125000, 126300, 127000, and 128000, while the lower support levels are 121500, 120500, 119200, 118200, and 117500. For ETH, the upper levels to focus on are 4520, 4620, 4730, 4765, 4800, 4880, and 4960, while the lower support levels are 4420, 4380, 4330, 4280, 4200, and 4090.
10.8 short order strategy
Short order on BTC rebound at 12700-123200, cautious entry at 123700-124000, defend near 125000, target around 122000-121500, if broken look at 121000-120500-120000, continue to adjust stop loss according to the situation!
Short order ETH rebound at 4520-4570, for those who are cautious, enter at 4620-4670, with a stop loss near 4735. The target is around 4450-4420, and if it breaks, look at around 4380-4350-4330. Continue to move the stop loss accordingly based on the situation!
10.8 long order strategy:
Enter a long position around the 120,000 area for BTC pullback, with a stop loss near 119,000, targeting the areas of 121,000-121,500-122,000. If it breaks, look for levels around 122,500-122,700.
Enter a long position on ETH at the retracement of 4270-4300, with a stop loss near 4230, targeting around 4350-4400, and if it breaks, look at around 4420-4450-4480.
The sharp drop has arrived as expected, and the idea of making a profit by shorting at high positions has been validated. The recent rebound is supported by capital inflows; success and failure both rely on funds. Everyone be cautious when buying the dip! #十月加密市场预测