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Hello everyone, I am Cannon Teacher. At 8:30 pm tonight, the May non farm payroll data in the United States will hit hard, and there is great divergence in institutional forecasts. The market consensus is that there will be about 85000 new non farm payroll jobs added in May. But Goldman Sachs predicts an increase of only 60000, Vanguard even sees 20000, and Bank of America sees 95000- this gap means that tonight's volatility is bound to be severe.
BTC hit a low of $61067 today and is currently consolidating around $61500. The daily RSI fell to 17.8, the most oversold level since 2020. On the daily chart, all moving averages are bearish, with prices closely following the lower Bollinger Bands and a complete bearish structure. The first pressure above is 63500-63800, and it only stabilizes when standing back to 64200.
ETH hit a low of $1622 today, and the daily RSI fell to a deep oversold level of 21. If tonight's non farm unexpected negative news triggers a linked sell-off in the US stock market, the area below 1500-1550 will be directly tested after the 1600 loss, especially noting that there is almost no on chain buying support between 1680-1700. The pressure above is 1850-1880.
The data will be released at 8:30 tonight, and at 10 o'clock in the live broadcast room, we will combine the data results with the latest K-line structure to draw on-site and directly explain the points. See you at 10 o'clock!
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.
