6.6 After the Great Falls, the Non-Farm Payrolls are Coming, How to Position BTC/ETH
Evening Non-Farm Data Analysis:
Non-Farm, in April and May affected by tariff conflicts, employment is very poor, especially Wednesday's ADP, far below expectations, while this month's non-farm expectation is 130,000, although lower than last month's 177,000, but compared to ADP, this number is still relatively high;
(1) Data above 177,000 is bearish, but considering tariffs and ADP, this possibility is very small.
(2) Data above 130,000 and below the previous value of 177,000 is a slight bearish signal. A slight bearish signal has limited impact on the trend.
(3) Data below 130,000 is considered a significant bullish signal, which will bring a wave of upward momentum.
(4) According to Wednesday's ADP data, tonight's non-farm payrolls are largely expected to be below 130,000, increasing the probability of bullish outcomes!
6.6 Technical Key Points Analysis:
BTC:
Bitcoin 110,000-110,500, looking bearish in the medium to long term has reached the promised ultimate target of 100,000, and next we will wait for opportunities to signal a bullish outlook for the medium to long term!
Bitcoin's daily line shows a large bearish candle, and we have repeatedly mentioned in previous analyses that once it breaks the weekly support of 102,000, it will reach the 100,000 mark.
Next, focus on the support at integer levels, holding will lead to a wave of oversold rebound. If it breaks below, there may be opportunities to see the 97,000-95,000 area.
In the short term, continue to monitor the support near 100,000, and look at the resistance at the top-bottom conversion of around 103,000.
After this wave of decline, it is currently in a weak rebound, and there are no stabilization signals yet. Watch the 103,200-3,500 region above; if not stabilized, look for bearish positions.
The support at the lower integer levels is relatively strong; if tested and not broken, look for short bullish positions.
ETH:
After breaking below 2,550, Ether accelerated its decline similarly; this position is now a strong dividing line between strength and weakness, with support at 2,380, and critical support at 2,320-2,300.
Above, short-term resistance is in the 2,480-2,500 area, with the critical dividing line at 2,550. Before the non-farm data, use this range as a reference.