ADP below expectations, eating meat on the side, U.S. Treasury Secretary criticizes the Federal Reserve for openly supporting Trump! 2.5 Bitcoin Mistress Strategy

On Wednesday, the U.S. Treasury Secretary stated that the independence of the Federal Reserve is based on the trust of the American people in the central bank. However, due to the Fed's failure to effectively control inflation and allowing it to spiral out of control, this trust has vanished. He said that the President has the right to openly express his views on the Fed's monetary policy decisions. He reiterated that he has always supported a strong dollar policy. Despite Trump implementing a series of tariff policies since taking office, the U.S. economy is still growing, and inflation is gradually decreasing. Yesterday, ADP data was below expectations, and the public expressed bearish views on the market, causing prices to decline as expected. Following this wave, Bitcoin can gain over 4000 points, and Ethereum can gain hundreds of points!

The daily chart shows that Bitcoin Mistress continued to close lower this morning, forming a large doji star with a bearish candle. The price is near the lower band, with the KDJ indicator's three lines crossing downward and diverging, and the MACD lines heading down. However, volume has not continued to increase, indicating that the bearish momentum is easing. The overall trend remains bearish, but many large investors have been liquidated during this decline, and some have cut losses and exited. Therefore, the bearish momentum is expected to ease in the future. Intraday, you can try to go long at the low points, with stop-losses to manage risk!

2.5 Short Strategy:

Bitcoin rebound between 75,500-76,000 to short, conservative traders can enter at 76,500-77,000, with a stop around 78,000. Targets are around 74,500-74,000-73,500-73,000. If broken, move stop-loss to 72,500-72,000-71,500-71,000 and continue to adjust based on market situation.

Ethereum rebound between 2220-2250 to short, conservative traders can enter at 2290-2330, with a stop around 2380. Targets are around 2150-2100. If broken, move stop-loss to 2070-2050 and adjust accordingly.

2.5 Long Strategy:

Bitcoin retracement from 70,000-70,500 to try long, with a stop around 69,000. Targets are around 72,000-73,000, and if broken, move stop-loss to 74,000-75,000 and adjust based on market situation.

Ethereum retracement from 2020-2050 to try long, with a stop around 1970. Targets are around 2130-2160, and if broken, move stop-loss to 2200-2250 and adjust accordingly.

Remember, I previously shared a view that the price of coins highly correlates with the US stock market. When US stocks are overvalued and pull back, the coin prices will drop significantly. Although I didn't catch the big move this time, it aligns with my previous analysis. Personally, I don't have the mindset for high leverage. I wonder if the public has followed this idea and caught this wave of big gains?#加密市场隔夜V型震荡