February 6 Midday Viewpoint

1. Bitcoin, expected range 97000-99500, projected trend is oscillating upward;

2. Ethereum, expected range 2800-2900, projected trend is oscillating upward;

Tonight at 21:30 Initial Jobless Claims (minimal impact)

Tomorrow night at 21:30 Non-farm Payrolls, Unemployment Rate (expected neutral/bearish)

Yesterday, the US released ADP employment data (bearish), PMI data (neutral), but Bitcoin and Ethereum did not experience a significant drop,

showing a rebound trend in the late night. It is evident that the price levels of 96000 for Bitcoin and 2700 for Ethereum have become strong support recently.

If there is no drop on bearish news, it indicates a bullish sentiment, so today we expect a rebound.

Additionally: There are no important data releases today, and after tomorrow's non-farm and employment rate data is released, even if the data leans bearish, considering that the market has postponed interest rate cut expectations to after May, this could lead to a significant rebound instead. There may be opportunities to go long.

Especially, Ethereum may show a strong independent rebound in the next couple of days.

Strategy—

Focus on going long, and may slightly hold long positions;

Pay attention to the possibility of Ethereum showing independent strength.