#Gate广场五月交易分享 The job market is stabilizing, and the Federal Reserve's hold makes it difficult for the bulls to continue! May 9th Bitcoin Auntie's Evening Strategy
Last year, U.S. employment nearly saw zero growth, but this year's employment data is exceptionally strong. On Friday, the non-farm payroll report showed that the U.S. labor market is stabilizing. Although labor demand remains weak, layoffs have stayed at a relatively low level, and tax cuts have provided a positive boost for consumer spending and corporate investment. However, in recent months, U.S. employment data has been quite volatile, swinging between sharp increases and sharp declines, making it hard for the market to assess the overall economic health. But based on the data, the Federal Reserve definitely will not cut interest rates anymore. The short-selling strategy given on Friday can only yield a quick profit. The highest point this week aligns with expectations—follow it to make gains!
On the technical side, Bitcoin Auntie's daily chart shows a small bullish candle, with data exceeding expectations, but the Middle East situation remains unstable. The price struggles to continue its bullish momentum, and the KDJ indicator's three lines are dead-crossing downward and diverging, indicating a bearish technical outlook!
May 9th Midnight Short Strategy
Rebound to 80,500-81,000, continue shorting, add positions at 81,500-82,000, target around 79,500-79,000-78,500, and if broken, look at 78,000-77,500-77,000. Continue moving stop-loss as the situation develops!
Ethereum rebound to 2,330-2,360, continue shorting, target around 2,280-2,250, and if broken, look at 2,230-2,200. Continue moving stop-loss as the situation develops!
Weekend Long Strategy
Bitcoin retraces to 76,500-77,000, buy one lot, with a stop near 76,000, target around 78,000-78,500-79,000, and if broken, look at 79,500-80k-80,500-81,000.
Ethereum retraces to 2,200-2,230, buy one lot, with a stop near 2,160, target around 2,270-2,300, and if broken, look at 2,330-2,360.
Although the 10% tariffs were deemed illegal and not collected, and non-farm payrolls are positive, this week Iran's Revolutionary Guard confirmed clashes with U.S. warships, and U.S. fighter jets directly attacked two Iranian oil tankers. These gunfire sounds are undoubtedly making the ceasefire precarious, so everyone should be cautious about chasing the rally! Although the downward momentum in the market is temporarily insufficient, there are not many positive supports either! #BTC returns to 80k
