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The small non-farm payroll report surprised again, and the rebound is an opportunity for shorting.
Ethereum is quite interesting. When it falls, it's like a pipa half-covered, reluctant to drop, but when it rebounds, it rises really fast. It doesn't give shorting a chance to be gloomy. So everyone must be decisive and resolute when trading contracts.
From a technical point of view, the four-hour rebound of the currency price is blocked by the 60-day moving average, and the moving average continues to press downward, the KD death fork diverges downward, and the MACD double-line high turns downward is about to form a death fork, and the volume can continue to shrink, so the idea of maintaining a rebound at midnight remains unchanged! Upside pressure is on 106100, 106500, 107200 and 108800, and below support is on 104000, 103600, 103000 and 102000
Ethereum midnight operation strategy: Aggressive traders shorting at the current price of 2640. Conservatives enter shorting on the rebound at 2630-2660, with a stop loss around 2710, targeting 2600-2580-2550. If it breaks strongly, look for 2520-2500, and continue to hold based on the situation!