In the live broadcast of Xiaobao Community, funds are pouring in crazily, and the market continues to revel on Friday

Click on the link to enter the meeting: https://meeting.tencent.com/p/7277739262 Based on today's latest news and upcoming non farm payroll data, the overall sentiment in the cryptocurrency market is bearish, and the market is waiting for tonight's 20:30 data to land. The specific analysis is as follows: 1、 Today's news coverage 1. Market situation: The entire market has fallen, with over 100000 people selling out After several consecutive days of gains, the cryptocurrency market experienced a widespread decline yesterday. Bitcoin has fallen below the $80000 mark and is currently fluctuating around $79500. ·Data on liquidation: In the past 24 hours, approximately 108000 people worldwide have been liquidated, with a total amount of approximately 341 million US dollars, mostly bullish long orders. ·Mainstream currencies: Ethereum (ETH) fell to around $2270, while Dogecoin (DOGE) fell over 4% in 24 hours. 2. Macro focus: Non farm payroll data to be released tonight The US non farm payroll report for April will be released at 20:30 Beijing time, which is currently the biggest source of uncertainty in the market. ·Market expectation: It is widely expected that 62000 new jobs will be created (a significant decrease from 178000 in March), the unemployment rate will remain at 4.3%, and the year-on-year salary growth rate is expected to be 3.8%. ·Core contradiction: The market has basically digested the expectation of "employment slowdown", but salary data will be key - if salary growth exceeds expectations, it may strengthen inflation concerns and suppress expectations of interest rate cuts. 3. Financial aspect: While outflow occurs, bottom fishing also occurs. ·Negative signal: The high interest rate environment continues to suppress liquidity sensitive assets such as cryptocurrencies, putting pressure on capital outflows. ·Hedge power: Bitcoin spot ETF still recorded a net inflow of approximately $46 million yesterday, with institutions showing signs of bottoming out at the current position. 2、 Trend prediction and key points Technically speaking, Bitcoin has entered a critical game zone after falling below $80000, and tonight's non farm payroll data will determine its short-term direction. Key technical points Currently, Bitcoin is consolidating around $79500, with the long short boundary at the psychological level of $80000. ·Bottom support (downside risk): ·First support: 78800-78000 US dollars - if it falls below 80000, this is the primary testing area. ·Key support: $75000- If unexpectedly strong employment data leads to a sharp decline, this is a weekly level strong support and an important "volatility acceleration zone". ·Upper resistance (rebound target): ·The first resistance: $81200-82500- needs to stabilize above $80000 to ease short-term selling pressure. ·Key resistance: $85000-$88000- To confirm the medium-term bottom, it is necessary to break through this area in bulk. 【 Summary 】 ·Current status: The market is weakly consolidating around $79500, awaiting the "judgment" of non farm payroll data. ·Tonight's key: gains and losses of $80000, and support strength of $78000. ·Trading mentality: Look more and move less. Data landing and direction confirmation before taking action are more important than guessing the direction. 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.