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Hello everyone, I am Cannon Teacher. After the release of non farm payroll data last night, the market experienced a huge shock. We will livestream tonight at 9 o'clock to sort out the weekend market structure.
At 8:30 pm last night, the United States added 172000 non farm payroll jobs in May, which was twice the market expectation. After the data was released, the market's bet on the Federal Reserve raising interest rates within the year soared to 70%, the US dollar index surged by 0.6%, and US bond yields surged across the board.
BTC market: Last night it hit a low of $59141, breaking below the 60000 mark for the first time since October 2024, with a weekly decline of over 17%, the worst of the year. Currently experiencing weak fluctuations around 61000. The daily and 4-hour moving averages are all bearish, and all rebounds are suppressed by the mid track. There are no reversal signals on the technical level. Looking at the 58000-59000 area below, if there is insufficient liquidity over the weekend leading to further downturns, 55000 will be the next line of defense. Pressure above 62000-62500, strong pressure 64000-64500.
ETH market: Last night, it hit a low of $1543, breaking below the integer levels of 1700 and 1600. It fell nearly 12% in 24 hours and experienced a weekly decline of over 20%. Currently organized in the 1560-1580 area. The 4-hour candlestick extends to the lower Bollinger Bands, with extremely weak rebound strength. Any bullish entity is very short, typical of a downtrend relay. Below support, check the 1500 integer level. If it fails, test 1450-1480; Upper pressure 1620-1630, strong pressure 1680-1700.
Tonight's live broadcast core: What changes have occurred in the market structure after breaking the 60000 mark? How to hold positions on weekends? See you at 9 o'clock.
Tencent Meeting: 75633825420
QQ group: 1105107912
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.
