Non-farm payroll data is coming! Bitcoin and Ethereum trends are vastly different. 1.
Bitcoin: Weak pullback, trend change imminent. Yesterday, BTC was weak around $105,000, and it was originally thought there would be a significant pullback; however, it only dropped to a low of $104,100, fluctuating less than $1,500, and the plan to buy at $101,500 fell through.
The non-farm payroll data will be released tomorrow (previous value 177,000, forecast 130,000). If the data is favorable, the market may rebound.
Currently, BTC has adjusted for two weeks, pulling back $7,000-$8,000, entering a critical period for trend change.
Although the technical outlook seems to suggest a decline, it has actually shown resilience, partly benefiting from the strong drive of Ethereum. Key ranges: resistance level $105,500—$106,500, support level $101,500—$102,500.
2. Ethereum: Strong momentum after the change of operators, waiting for favorable conditions. After the change of operators, Ethereum's trend is strong, institutions are accumulating between $1,400-$1,500, and the current price is still below cost, with major funds unwilling to exit easily.
Recently, there has been selling pressure, and the K-line pattern appears somewhat pressured, but the bottom is gradually rising, and there is a willingness to push higher, lacking only supportive news. Tomorrow evening's non-farm payroll data may become the catalyst for a trend change.
Key ranges: resistance level $2,650—$2,670, support level $2,530—$2,550.
3. Operational advice: Mainly wait and see, patiently await signals. The market is at a trend change node, and volatility may intensify before the non-farm payroll data is released. It is recommended to trade cautiously and avoid blind operations.
Focus on 1-2 targets (such as BTC, ETH, SOL), set strategies in advance with limit orders, better to miss than to make mistakes.
SOL reference range: resistance level $157—$160, support level $152—$150.
Summary: Non-farm payroll data may become a turning point for the market, with Bitcoin and Ethereum trends diverging. At this stage, it is advisable to observe and avoid risks, waiting for clear signals before entering the market.
