Last night's market activity was truly thrilling and exciting, with non-farm data combined with violent market fluctuations, leading to a back-and-forth pinning rhythm in the market, with a volatility of over 2600 points. A moment's inattention could lead to being trapped (need to escape, see comments section 999). Recently, the market has been influenced by various news data, and like many others, I basically haven't had a good night's sleep this week. Internally, capital leaders control the market, and externally, macro factors are at play; we must be sure to follow the trend and be well-prepared defensively. This market is not about who makes more trades, but rather who can go further.
As the weekend market slows down, it tested the 68800 level again at midnight without breaking through, and the upward movement faced resistance. The four-hour chart also shows a clear top-bottom exchange, so in the short term, 68800 has formed a strong resistance level, making breakthroughs difficult. Meanwhile, with data as support, the market rose to 71600 under pressure, and the weekend market slowdown makes breakthroughs challenging. The daily structure shows a continued downward trend in pullbacks, with three consecutive bearish candles. The upcoming U.S. election is imminent, and the weekend will undoubtedly be the calm before the storm, with the election results remaining uncertain; we will wait for the news to adjust our direction afterwards.
Reference suggestions: (Drink tea, or go fishing is fine too)
Bitcoin around 70500, defend at 71200, target down to 68800.
Ether in the range of 25400-25200 short, target near 2490.
