After the 6.6 Great Waterfall, the big non-farm payroll report is coming. How to position BTC/ETH?

CN
15 hours ago

Evening Non-Farm Data Analysis:

  • Non-farm data in April and May was negatively impacted by tariff conflicts, with employment figures being quite poor, especially Wednesday's ADP, which was far below expectations. This month's non-farm payroll is expected to be 130,000, which, although lower than last month's 177,000, is still relatively high compared to the ADP figures;

  • (1) If the data exceeds 177,000, it would be bearish, but given the tariffs and ADP, this possibility is very small.

  • (2) If the data is above 130,000 but below the previous value of 177,000, it would be a slight bearish signal. A slight bearish signal has limited impact on the trend.

  • (3) If the data is below 130,000, it would be quite bullish, likely leading to a wave of upward movement.

  • (4) Based on Wednesday's ADP data, tonight's major non-farm figures are likely to be significantly below 130,000, increasing the probability of a bullish outcome!

  • 6.6 Technical Key Points Analysis:

  • BTC:

  • Bitcoin is looking bearish in the medium to long term between 110,000-110,500, having reached the ultimate target of 100,000 as previously stated. Next, we will wait for opportunities to signal a bullish outlook for the medium to long term!

  • The daily candle for Bitcoin has formed a large bearish entity. In our previous analysis, we mentioned that if it breaks below the weekly support at 102,000, it would reach the 100,000 level. Next,

  • Bitcoin needs to focus on the support at the round number level. If it holds, we can expect a wave of oversold rebound; if it breaks below, we may see the 97,000-95,000 area.

  • In the short term, continue to monitor the support near 100,000, while the upper resistance is at the 103,000 level.

  • After this significant drop, it is currently in a weak rebound phase, with no stabilization signal yet. The upper focus is on the 103,200-3,500 level; if it hasn't stabilized, we can look for bearish opportunities.

  • The support at the lower round number level is quite strong; if it tests but does not break, we can look for short-term bullish opportunities.

  • ETH:

  • Ethereum accelerated its decline after breaking below 2,550, which has now become a dividing line for strength and weakness. The support below is at 2,380, with key support at 2,320-2,300.

  • The upper short-term resistance is in the 2,480-2,500 range, with the key dividing line at 2,550. Before the non-farm data, we can use this range as a reference.

  • For more free real-time investment strategies, trading techniques, operational skills, and knowledge about candlestick patterns, you can scan the code to follow (WeChat public account: Trend Thought Notes).

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