#美国非农就业数据表现强劲 December 17 Morning Market Summary: $BTC Long Positions Profitably Gained 2448 Points
After the market opened this morning, BTC formed a bullish candle with a long lower shadow, but the overall trend remained sideways and downward. Yesterday, I placed a long position at 8.55, which briefly surged to 8.81, and I exited all positions smoothly at the 8.8 level, earning 2448 points. I have to say, this operation was quite smooth.
The non-farm payroll data released last night did not cause the expected large fluctuations. The Asian session continued the previous sideways pattern, indicating that the market is still digesting the data.
From a technical perspective, $BTC is forming an ascending converging triangle pattern. The short-term resistance level is at 8.81. As long as this resistance is broken, a bullish continuation structure is expected.
The follow-up strategy is as follows: you can buy on the trendline at 8.75 for a rebound, and once the 8.81 resistance is broken, add to your long positions. Set a stop loss at 8.67. The targets are 8.83 and 8.93. Another approach is to place a short position at 8.81, with a stop loss at 8.93, and look for support at 8.69 and 8.58 below.
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Fren_Not_Food
· 5h ago
2448 points are incredibly satisfying, this rhythm is indeed amazing
Is this all for the non-farm? Feels pretty uneventful
Breaking 8.81 or not is the key, let's wait and see
The converging triangle pattern shows up every time, but still needs to be taken seriously
Laying in wait for short positions is a bit exciting, betting on whether the support below will hold
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NestedFox
· 5h ago
Are you satisfied with 2448 points? I lost almost twice as much this week.
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just_another_wallet
· 5h ago
Is it just 2448 points? I thought it was going to turn around again, haha.
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LadderToolGuy
· 5h ago
Got the 2448 points so easily, quite lucky!
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MEVSandwich
· 5h ago
2,448 points, that's quite a move, I'm genuinely envious.
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It's a bit surprising that the non-farm payrolls didn't cause a sell-off; it feels like the market is gathering strength.
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Will breaking the 8.81 level be the watershed moment?
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A breakout from the converging triangle often signals a big move; keep a close eye on it.
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Consolidation is the most annoying; I'd rather see a sharp drop or surge.
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This trading idea is clear, but I don't know if it can actually be executed.
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A strong non-farm payroll report... Anyway, I can't understand the market reaction.
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I remember the idea of buying on a pullback at 8.75; let's try it.
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Another analyst, drawing lines and indicators every day—are they really useful?
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People who can make money are really impressive. Why do I always operate in the opposite way?
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AllInAlice
· 5h ago
2,448 points? That's quite a move. I was just debating yesterday whether to chase or not...
#美国非农就业数据表现强劲 December 17 Morning Market Summary: $BTC Long Positions Profitably Gained 2448 Points
After the market opened this morning, BTC formed a bullish candle with a long lower shadow, but the overall trend remained sideways and downward. Yesterday, I placed a long position at 8.55, which briefly surged to 8.81, and I exited all positions smoothly at the 8.8 level, earning 2448 points. I have to say, this operation was quite smooth.
The non-farm payroll data released last night did not cause the expected large fluctuations. The Asian session continued the previous sideways pattern, indicating that the market is still digesting the data.
From a technical perspective, $BTC is forming an ascending converging triangle pattern. The short-term resistance level is at 8.81. As long as this resistance is broken, a bullish continuation structure is expected.
The follow-up strategy is as follows: you can buy on the trendline at 8.75 for a rebound, and once the 8.81 resistance is broken, add to your long positions. Set a stop loss at 8.67. The targets are 8.83 and 8.93. Another approach is to place a short position at 8.81, with a stop loss at 8.93, and look for support at 8.69 and 8.58 below.
I share daily market analysis and trading ideas. Welcome to follow. This article is for market analysis reference only and does not constitute trading advice.