Don't hold on too hard in a bear market! The bulls' fantasies are likely to fall flat, and the downtrend may not be over yet.

The current BTC trend is clearly a continuation pattern during a downtrend, and it is highly likely to continue falling, with the decline potentially being significant. After BTC dropped to 80,000, it crawled up for two or three weeks, seemingly indicating a turnaround, but this is all an illusion. It has now broken below the key trend line, and the situation is quite dire.

However, after a significant short-term drop, a rebound is also normal. For instance, BTC is around 86,000, and ETH is near 2,900, which still offers some support.

This morning, I advised everyone to take advantage of the rebound to make a small profit. Now BTC is testing the bottom again, and ETH might rebound close to 3,000 before continuing to fall. If you're looking for stability, you might consider taking profits at 2,970.

In addition, there may be significant market movements tonight because the unemployment rate and employment data will be announced at 9:30 PM. Previously, some events caused a standstill, so the uncertainty regarding this data is particularly high, and the market is waiting to make decisions after the data is released. Once tonight’s data is out, we can analyze based on the situation.

Overall, in a bear market, no asset can escape the fate of falling, even BCH, which has always been quite resilient, has been successfully shorted by us. It has now dropped to a new low of 510, and it is expected that when it approaches the 500 mark, there will be some support. If it drops to this level again next time, we can consider taking profits on a portion.

Tonight the non-farm payroll data will be released, while others are still guessing the rise and fall, our brothers here have already made waves with the divine order. Join 👉 聊天室 to help you analyze key signals; regardless of whether the data rises or falls, there are strategies to respond! Limited spots available, sign up quickly. #巨鲸动向 #美国宏观经济数据上链 $BTC $ETH