$BTC $FIL Major Non-Farm Data Approaches: Bitcoin and Ethereum Market Analysis

On December 6, tonight will welcome the last major data of 2024: the Non-Farm Payroll has become a key topic of concern regarding how the market will react tonight. The release time for the Non-Farm data coincides with the start of the U.S. trading session, and the subsequent hour is the opening time for U.S. stocks. The quality of this Non-Farm data will also determine the market trend for the entire month of December. Let's first discuss the market trends over the past two days: On December 5, Bitcoin surged strongly, breaking through the 100,000 mark. The main reasons for this are the frenzied purchases by the nation and institutions, combined with Trump’s policies, Powell's dovish remarks, Putin's speeches, and a slowdown in regulatory policies, among other positive stimuli. Why did we see a historic crash on the morning of December 6, plummeting by 15,000 points in less than a day, followed by a rebound of 10,000 points? The main reason is that some institutions sold off at high prices. Just look at how recently Mentougou has been continuously selling off, even Meitu has cleared its holdings. Selling at high prices doesn't mean they are not bullish; rather, it's about securing profits and then buying back at lower prices—quite a tricky operation, washing both long and short positions. For Bitcoin above 100,000, I generally do not recommend chasing it because it's too high, way too high. Even in the spot market, I never suggest chasing it; I won't elaborate on the specific reasons. In November, Bitcoin experienced a major bull market, and CCTV took the opportunity to report on it. Today, Xinhua News Agency commented: The financial ecosystem and risks behind Bitcoin's surge in the U.S., you should analyze it carefully yourself!

Previous Non-Farm Data: 1.2 Expected Value: 20 Released Value: X If we analyze based on the surface data, it will definitely be negative tonight. Why? The 12,000 data is mainly caused by hurricanes and strikes, so this data has no reference value. If the released value is < 20, it is bullish for Bitcoin; if the released value is > 20, it is bearish for Bitcoin. However, based on this data analysis, regardless of the data, I believe Bitcoin will still have a wave of correction, whether it is tonight or next week remains to be seen, after all, January 20 is the day Trump officially takes office.