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The non farm payroll data actually added 119000 people, significantly higher than the market expectation of 51000 people (some investment banks predict a range of -20000 to 105000), indicating that the resilience of the labor market exceeded expectations. This strengthens the confidence of the Federal Reserve in an "economic soft landing" and reduces the urgency of immediate interest rate cuts.
So the next direction is:
1: BTC fell below 85K within the day, with a downward target of 80K. Currently, it is in a short-term bear market structure, and large holders (holding 100 BTC) have not reduced their holdings. The market still has the possibility of returning, so pay attention to pressure points; 94K 100K； Support point 80K.
2: ETH was affected by the selling wave of BTC and fell to 2640, breaking the psychological construction of the daily line of 2720. Now it can be understood as a tentative decline. If there is no good repair, will it be subject to panic selling by retail investors? Pay attention to pressure point 3K 3.35K; Support point 2.5K 2.65K
Recently, there has been significant volatility in the market, with many indicators breaking levels and requiring parameter adjustments. Those involved in cryptocurrency asset investments must control their position ratios to cope with market fluctuations.
Tonight we will talk about the trend and layout of the market; Deviation from technique, follow the live broadcast room, take you through the bull bear journey; Welcome to interact.
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.