The long position strategy provided during the day has also successfully reached its target.
The publication of non-farm payroll data in the evening and the US stock market have caused volatility, with prices moving rapidly. From the current overall trend, even under the influence of news, the overall market still maintains a range-bound fluctuation.
Bitcoin tested the bottom again in the evening without breaking it, quickly rebounding after being supported. During the day, Bitcoin achieved a maximum profit of 1500 points, while Ethereum gained around 40 points. However, the evening's trend did not break the range and still maintains a range-bound fluctuation.
Therefore, our strategy remains unchanged. Bitcoin has not broken through the short-term resistance at 83500 for three consecutive rounds on the hourly chart. The short-term support is at 82100-81600-81100. As long as it does not break below, we can try to go long here. The upper resistance is at 83500-84000-84500.
For Ethereum, we should focus on the key support levels of 1780-1750, while the upper resistance is at 1820-1840-1870.
From the current trend, the bottom has tested again without breaking. Therefore, we will prioritize observing the support situation and look for a round of long positions first. After the rebound, if the upper high point resistance is not broken, we can then consider reversing! $BTC