The longest shutdown of the White House has ended, and next week’s intensive data will surely ignite the market! 11.16 BTC ETH strategy

On the evening of November 12 local time, U.S. President Trump signed a federal government temporary funding bill, ending the longest government shutdown in U.S. history, which lasted for 43 days. After the shutdown ended, the release of economic data continued to be mired in chaos. On Friday, the U.S. Department of Commerce announced that the revised GDP for the third quarter will be released on November 26 at 21:30, and personal income, spending, and PCE index for October will be released on the same day at 23:00. The U.S. Bureau of Labor Statistics stated that the non-farm payroll report for September will be released next Thursday at 21:30, and data on real wages for September will be released on November 21. However, it is uncertain whether the CPI data for October can be released. The bottom-fishing strategy suggested yesterday once again yielded profits, with BTC easily gaining over a thousand points, and ETH close to a hundred points!
The technical analysis shows that BTC's daily chart has ended a four-day downward trend. This morning, both BTC and ETH formed a bullish candlestick with upper shadows, with the price hovering near the lower band. The upper band is severely constricting, and both KDJ and MACD indicators are clearly slowing down, indicating that the bearish momentum is easing. Therefore, it might be a good time to consider long positions. Although it's possible that there might be another drop after the data is released, it's estimated that after the price drops, institutions will step in to buy the dip. So, think counterintuitively and look to buy the dip!
11.16 Long Position Strategy:
Enter long positions on BTC pullbacks at 94500-95000, for conservative traders at 93500-94000, with a stop loss near 92700. The target is around 96000-96500-97000, and if it breaks, look for 97500-98000-98500. Continue to adjust the stop loss as needed!
Enter long on ETH retracement at 3070-3110; for conservative traders, enter at 3000-3030, with a stop loss near 2950. Target around 3200-3250-3300, and if broken, look at 3350-3400. Continue to adjust stop loss to protect profits based on the situation!
11.16 Short Position Strategy:
Short one contract on BTC rebound at 98000-98500, with a stop loss near 99000. The target is around 97000-96500-96000. If it breaks, look at around 95500-95000, and continue to move the stop loss based on the situation!
Short one position on ETH rebound at 3300-3330, defend near 3360, target around 3250-3200, if broken look at 3150-3100, continue to move the stop loss based on the situation!
When trading with leverage, the most important rule is to avoid heavy positions. If your psychological resilience is not strong enough, you absolutely won't earn beyond your understanding. The amount you earn depends on the market, while the amount you lose is under your control! Making small losses while earning larger profits is the way to gradually grow your capital; consistently making small gains while incurring large losses will always leave you as a victim! #美国结束政府停摆