The V-shaped recovery of BTC and ETH was halted by negative unemployment data. BTC has retraced to the 4-hour midline, while ETH is weaker and directly retraced to the 4-hour lower line and the lower edge of the midline around 2380. The hourly level has gone through a 5-wave pullback, and ETH long positions were directly stopped out;
BTC is currently the only support for confidence, still strong above the daily midline, with hopes of pushing towards around 110,000; pay attention to the 4-hour midline and daily midline support at 105,800; if it breaks, this V-shaped recovery's A wave ends and looks at a 2-wave pullback. The longer it drags on, the weaker it becomes; today is the biggest hopeful opportunity;
Currently, ETH's hourly 5-wave pullback is basically complete, starting to rebound; first looking to push towards 2450, then to the daily midline at 2510, with lower support at the lower edge of 2380; if it breaks 2380, directly look at the daily second test of 2300 or a new low from the daily 5-wave pullback;
Focus on the important reversal nodes above and below, especially for BTC at the 4-hour and daily midline, where confidence lies;
Apart from a few high-controlled altcoins, most are primarily short, not looking bullish. Currently, BTC and ETH are in the final divergence stage; altcoins will only be the target of bloodsucking and market makers unloading, with no expectations to be had!
