Looking at Bitcoin's current trend, it's actually still in the middle of a decline. It rebounded from 80,000 a few weeks ago, seeming to reverse, but then it turned around and broke the trend line—this is a classic continuation of a downtrend, and there's an 80% chance it will go lower.
But from a short-term perspective, after a big drop, a rebound is inevitable. Bitcoin has support around 86,000, and $ETH can hold around 2900. Someone took the opportunity to sell during yesterday's rebound, and now it’s testing the bottom again. $ETH might rebound close to 3000, but don’t be too optimistic; there’s still pressure ahead. A prudent approach is to start reducing positions around 2970—don’t be greedy.
The key point is, at 9:30 PM tonight, the unemployment rate and employment data will be released. There was a halt in data before, so the uncertainty of this result is very high, and the market is waiting for this "drop." When the data comes out, market volatility will be quite intense—either a sharp rise or a sharp fall. Everyone must pay close attention and avoid blind trading.
Speaking of which, in a bear market, everything can fall. Even $BCH, which has been relatively resilient, couldn’t hold up and has now hit a new low of 510. At this pace, as it approaches 500, there should be some support, and that might be a good time to consider partial profit-taking.
$WLFI has been falling from 0.176, with a decline of over 30%. In this kind of market, the key is to wait for rebounds to find better trading opportunities. Market oscillations like this create windows for re-entering positions each time. Remember to keep an eye on subsequent market movements, especially how it reacts after the non-farm payroll data is released.
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#美国证券交易委员会推进数字资产监管框架创新 Big moves are coming to the market tonight!
Looking at Bitcoin's current trend, it's actually still in the middle of a decline. It rebounded from 80,000 a few weeks ago, seeming to reverse, but then it turned around and broke the trend line—this is a classic continuation of a downtrend, and there's an 80% chance it will go lower.
But from a short-term perspective, after a big drop, a rebound is inevitable. Bitcoin has support around 86,000, and $ETH can hold around 2900. Someone took the opportunity to sell during yesterday's rebound, and now it’s testing the bottom again. $ETH might rebound close to 3000, but don’t be too optimistic; there’s still pressure ahead. A prudent approach is to start reducing positions around 2970—don’t be greedy.
The key point is, at 9:30 PM tonight, the unemployment rate and employment data will be released. There was a halt in data before, so the uncertainty of this result is very high, and the market is waiting for this "drop." When the data comes out, market volatility will be quite intense—either a sharp rise or a sharp fall. Everyone must pay close attention and avoid blind trading.
Speaking of which, in a bear market, everything can fall. Even $BCH, which has been relatively resilient, couldn’t hold up and has now hit a new low of 510. At this pace, as it approaches 500, there should be some support, and that might be a good time to consider partial profit-taking.
$WLFI has been falling from 0.176, with a decline of over 30%. In this kind of market, the key is to wait for rebounds to find better trading opportunities. Market oscillations like this create windows for re-entering positions each time. Remember to keep an eye on subsequent market movements, especially how it reacts after the non-farm payroll data is released.