Next week, will non-farm payrolls + the Federal Reserve be the turning point for a downward trend in cryptocurrency prices? BTC, ETH mid to long-term outlook

Looking back at this week, it can be aptly described as 'copying the script for homework.' At the beginning of the week, I gave a long-term bearish view at 119000 and 120000, looking for 115000. On Friday, it fell below 115000, with over 4000 points of space making it hard to resist. From Monday to Thursday, there was wide fluctuation with over 3000 points of space as both bulls and bears returned to wash out. This kind of market allows for picking up, and hitting points and ranges can be very rewarding; whatever you do, it feels like taking off.

For Bitcoin, the rebound after the tea needle fell below 115000 on Friday did not continue. Let me briefly mention that technically there are no strong rebound signals. On the daily chart, a tall needle stopped at around 123200, clearly indicating a peak. Subsequently, the highs gradually moved down, while the 4-hour chart maintained a downward channel. The market will be accompanied by the escalation of tariffs and international situations, suppressing the upward trend at 120000. The current rebound is still within the range, and the overall shape remains unchanged. Maintaining the high short position, eating meat is just a matter of time.

For Ethereum, this round of supplementary increase stopped at 3860, followed by wide fluctuations and a roller-coaster trend. Currently, it has broken through 3800 again but has not continued. The shape shows signs of a peak. More importantly, institutions and behind-the-scenes players are currently selling off, so do not chase longs at this moment. This wave at 3800 might be the best opportunity for everyone to short the peak.

In terms of operation, it is recommended to short Bitcoin in the 118500-119000 range, aiming for 115000-113000, with a breakthrough looking for 110000.

For Ethereum, it is suggested to short above 3800, aiming for 3500-3300.

In the short-term, swing, and trend segments, Zhang Heng updates ideas and trading situations daily. Zhang Heng's strength is certainly evident to everyone, so let’s all rush in if we want to profit!