【Non-farm payrolls are coming, ETH faces a critical test, respond cautiously to market fluctuations】
Tonight's non-farm data will become the core catalyst for the market, and investors are closely watching the subtle signs of the Federal Reserve's policy direction. If the employment data shows weakness, it will strengthen interest rate cut expectations, and a loose liquidity environment is expected to boost risk assets like ETH, presenting a rebound opportunity; conversely, if the data exceeds expectations and is strong, it will suppress easing expectations, potentially triggering selling sentiment and causing price corrections.
The current market leverage level is high, and volatility risks are significantly amplified, with frequent liquidation events sounding the alarm for traders—be sure to control positions and strictly adhere to risk management. Coupled with multiple macro events landing this week, liquidity fluctuations may exacerbate market turbulence, and investors should remain vigilant, closely monitor the pace of data releases, avoid emotional trading, and refrain from blindly chasing highs and selling lows.
$BTC 📊 Technical analysis: 💰 Current price: 2929.44 USDT 🟢 Support level: 2890.51 USDT (1H level, close to the current price, has short-term holding potential, can be used as a layout observation point) 🟢 Support range: 2870.0 – 2890.51 USDT (previously dense transaction area, forms multiple support effects) 🔴 Resistance level: 2950.27 USDT (approaching the current price, high probability of encountering resistance on the upside, caution required for high breakout and pullback risks)
💡 Strategy tips: Pay attention to the effectiveness of the 2890.51 support in the short term, if it stabilizes, there may be a rebound opportunity; if it breaks, further corrections need to be guarded against. Be cautious near resistance, consider high selling and low buying, set strict stop losses, and manage the rhythm to respond to the fluctuation window. $BTC
