The unemployment rate data is out, hitting a new 4-year high. The chances of a rate cut are pretty much locked in now.
ETH is stuck around 3092, and BTC is hovering at 93000—both are waiting for signals from the US stock market when it opens.
If those minor resistance levels above can flip into support, the bulls are probably going to have a field day today.
But that being said—if you want to make gains, you have to focus on defense first.
You’ve seen BTC’s temperament these past couple of days; if it can’t hold above, the pullback won’t show any mercy. Set your stop-loss proactively—don’t wait for the market to teach you a lesson.
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The unemployment rate data is out, hitting a new 4-year high. The chances of a rate cut are pretty much locked in now.
ETH is stuck around 3092, and BTC is hovering at 93000—both are waiting for signals from the US stock market when it opens.
If those minor resistance levels above can flip into support, the bulls are probably going to have a field day today.
But that being said—if you want to make gains, you have to focus on defense first.
You’ve seen BTC’s temperament these past couple of days; if it can’t hold above, the pullback won’t show any mercy. Set your stop-loss proactively—don’t wait for the market to teach you a lesson.
Risk control should always come before greed.