Non-farm surprise, short positions profit big! March 7th Bitcoin (BTC) Strategy

Good news from the non-farm payrolls, but the market reacted contrary to expectations. February non-farm employment data unexpectedly turned negative: seasonally adjusted non-farm employment decreased by 92,000, sharply contrasting with the market forecast of a 59,000 increase. Meanwhile, the unemployment rate rose to 4.4%, up from 4.3%. Recently, the market has been repeatedly told that the "labor market is stabilizing and a soft landing is expected," but this data directly undermines that narrative. For the crypto market, the real key issue is not this "surprise" itself, but how this macroeconomic shock will reshape liquidity expectations over the coming quarters and thus alter the pricing logic of high-risk assets like Bitcoin. Yesterday's bearish outlook was in line with expectations, and the day before yesterday, I entered and held short positions. This rally in Bitcoin can be taken for 4,000 to 5,000 points, and Ethereum can gain nearly 200 points!

Daily chart shows two consecutive bearish candles, with the price halted at the 20-day moving average. The KDJ indicator in the chart shows three lines turning downward from high levels to form a death cross, while the MACD lines are moving upward. Volume has slightly decreased, indicating a generally bearish trend. Therefore, the intraday strategy remains to rebound and short!

March 7th Short Position Strategy

Bitcoin rebounds to 69,500-70,000, continue to short; conservative entry at 70,500-71,000, stop around 71,500, target near 68,500-68,000; if broken, target around 67,000-66,500, and move stop-loss accordingly based on market situation.

Ethereum rebounds to 2,000-2,030, continue to short; conservative entry at 2,060-2,090, stop around 2,130, target near 1,970-1,950; if broken, target around 1,930-1,900, and move stop-loss accordingly based on market situation.

March 7th Long Position Strategy

Bitcoin retraces to 66,500-67,000, go long; stop around 65,500, target near 68,000-69,000; if broken, target around 70,000-71,000, and move stop-loss accordingly based on market situation.

Ethereum retraces to 1,900-1,930, go long; stop around 1,860, target near 1,950-1,980-2,000; if broken, target around 2,030-2,050-2,080, and move stop-loss accordingly based on market situation.

Short positions in Ethereum were not held, and Bitcoin's stop-loss was close to being hit, but luckily I held on. Currently, it has moved to 69,000. If stopped out, I will look for new opportunities! The trend is bearish, so rebound and short is the way to go. Do not hold on to losing positions! #2月非农意外负增长