Zhou Yanling: 6.6 Non-Farm Payroll Day Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
On June 5th at 20:30, the U.S. Department of Labor reported that the number of initial unemployment claims for the week ending May 31st rose to 247,000, reaching a new high since 2025, exceeding the expected 235,000. The data suggests a weak labor market, which may increase the possibility of the Federal Reserve cutting interest rates. We are all concerned about its impact on Federal Reserve policy. In the long term, policy is constrained by inflation and employment data. The OECD predicts that U.S. inflation may rise to 3.9% by the end of the year, limiting the space for significant short-term interest rate cuts. However, a slowdown in the labor market may force the Federal Reserve to restart interest rate cuts in the second half of 2025, with expectations of a 25 basis point cut in July or September. Moving forward, we need to continue monitoring the non-farm employment report and the minutes from the Federal Reserve's June meeting, while being wary of external shocks. In the short term, cryptocurrency prices may benefit from expectations of interest rate cuts, but we must guard against the risk of pullbacks triggered by fluctuations in economic data.
Currently, the market trend shows that on the daily chart, the cryptocurrency price is in a downward oscillation trend, having closed in the red for several consecutive days, with high points gradually decreasing. Yesterday's candlestick showed a slight rebound followed by a drop, forming a long upper shadow, indicating heavy selling pressure above. On the hourly chart, the price found short-term support around 103,000, but overall it still presents a low-level oscillation pattern with a narrow fluctuation range. Technical indicators show that the hourly MACD histogram continues to shrink, with the fast and slow lines approaching the zero axis but not forming a clear golden cross or death cross signal, indicating insufficient momentum; on the daily chart, the MACD fast and slow lines are diverging downwards, with bearish strength prevailing. The hourly RSI hovers around 45, not entering overbought or oversold territory, reflecting weak market sentiment; the daily RSI remains below 40, indicating a weak state. The hourly EMA7, 30, and 120 moving averages are in a bearish arrangement, with prices constrained by the EMA7 pressure; the daily EMA7 and EMA30 moving averages are turning downwards, while the EMA120 remains stable, indicating a continued bearish long-term trend.
Zhou Yanling's 6.6 Bitcoin Trading Strategy:
Short at 106,000-105,300, stop loss above 107,000, target 104,400-103,600, continue to look for a decline towards around 101,500.
Long at 101,500-102,300, stop loss below 101,000, target 103,600-104,400.
Zhou Yanling's 6.6 Ethereum Trading Strategy:
Short at 2,670-2,630, stop loss above 2,720, target 2,520-2,470, continue to look for a decline towards around 2,390.
Long at 2,400-2,440, stop loss below 2,350, target 2,520-2,560.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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