Attention everyone! The aftershocks of the US non-farm payroll data exceeding expectations are still affecting the crypto market. Yesterday, BTC/ETH precisely retraced to my entry point and surged. Today, it is likely to experience a breakthrough trend due to this wave of aftershocks! My long-time followers know that I have never missed a prediction of market trends following non-farm payroll data. Last time, after the non-farm payroll data was released, the long position strategy I provided allowed everyone to earn a substantial profit, and this time will be no exception! In this article, I will combine the non-farm payroll data and technical analysis to provide you with insights into today's market trend and operational strategy. If you miss this, you might have to wait another week!
Let me first explain the impact of non-farm data on the cryptocurrency market. Many people do not know the relationship between non-farm data and cryptocurrencies. In fact, the logic here is quite simple. If non-farm data exceeds expectations, it indicates that the U.S. economy is performing well, and the market's expectation for the Federal Reserve to raise interest rates will increase, which is generally bearish for the crypto market. But why did the market still rise yesterday? Because the market had already digested this bearish news in advance, and currently, the liquidity in the crypto market is relatively ample. After the bearish sentiment has been exhausted, a rebound occurred. This is the principle of 'exhaustion of bearish sentiment is bullish,' and it is also one of the core reasons why I was confident in being bullish yesterday.
Combining technical analysis for today's market is crucial, and everyone must pay close attention. Regarding BTC, it has been oscillating near the hundred-day line and the MA30 moving average for three consecutive days, building up sufficient momentum. The current critical resistance level is 8.95; once this level is broken, it will open up upward space, targeting directly at 9.5. From a liquidity perspective, yesterday's trading volume increased, indicating that capital is entering the market, which is favorable for a breakout. The short-term support level is the 1-hour MA256 moving average at 8.85; this position is a short-term lifeline, as long as it doesn't break below, the oscillating pattern will remain bullish. Operating strategy: buy on a pullback to 8.85, add positions on a pullback to 8.78, with a target of 8.95-9.1; if it directly breaks through 8.95, you can chase the trend, placing a stop loss below 8.90. For short positions, it is not recommended for now unless there is a clear top divergence signal above 9.2-9.5.
Regarding ETH, the daily chart has already tested the MA30 moving average resistance level at 3030. Although it could not break through, the upward momentum is strong. Driven by the aftermath of the non-farm data and BTC, the probability of breaking through 3030 today is very high. After breaking through, look to the previous high of 3260; this position is an important resistance level for ETH and a key point for subsequent market trends. The short-term support level is the round number of 3000; a pullback to 3000 can be a buying opportunity, and adding positions at 2950, with a target of 3060-3150; for short positions, wait for a reversal signal above 3150-3250 before considering.
Finally, I remind everyone that the market volatility after the non-farm data may be significant, so be sure to manage risk well and set stop losses. My strategy has a high accuracy rate, but it cannot guarantee 100% profit; risk control is always the top priority. If this article has helped you, please give a follow, bookmark, and like. You can share your trading ideas in the comments, and I will reply to each one. I will continue to analyze the impact of macro data on the cryptocurrency market, so follow me to grasp market trends in advance! Follow me @链上标哥 to avoid getting lost!
