Attention everyone! The aftermath of the US non-farm data exceeding expectations is still impacting the crypto market. Yesterday, BTC/ETH surged after precisely retracing to my entry point, and today we may likely see a breakthrough due to this wave of momentum! Those familiar with me know that my predictions for market trends after non-farm data have never failed. The last time the non-farm data was released, my long strategy made everyone a significant profit, and this time will be no exception! In this article, I will analyze today's market trends and operational strategies by combining non-farm data and technical aspects. Don't miss out; you might have to wait another week!
First, let me explain the impact of non-farm data on the crypto market. Many people do not know the connection between non-farm data and cryptocurrencies, but the logic here is quite simple. Exceeding expectations on non-farm data indicates that the US economy is performing well, and market expectations for the Federal Reserve to raise interest rates will increase, which is generally negative for the crypto market. But why did the market rise yesterday? Because the market had already digested this negative news in advance, and the current liquidity in the crypto market is relatively loose; after the negative news was priced in, a rebound occurred. This is the logic of 'the end of negative news is positive,' and it is one of the core reasons I dared to remain bullish yesterday.
Now, combining technical analysis for today's market, this part is key, and everyone must pay close attention. For BTC, it has been oscillating near the 100-day line and MA30 daily moving average for three consecutive days, and is fully accumulating momentum. The most critical resistance level currently is 8.95; if this level is broken, it will open up space for an upward move, targeting directly at 9.5. From the perspective of liquidity, yesterday's trading volume increased, indicating that funds are entering the market, which is favorable for a breakout. The short-term support level is at the 1-hour MA256 daily moving average of 8.85, which is a short-term lifeline; as long as it does not break below this level, the oscillating pattern will remain bullish. Operation strategy: Buy on a pullback to 8.85, add positions on a pullback to 8.78, with targets of 8.95-9.1; if it directly breaks through 8.95, you can chase the trend, and set the stop-loss below 8.90. I do not recommend short positions for now, unless there is a clear divergence signal above 9.2-9.5.
In terms of ETH, the daily chart has tested the MA30 moving average resistance level of 3030. Although it has not broken through, the upward momentum is strong. Influenced by the aftermath of the non-farm data and BTC, the probability of breaking through 3030 today is very high. After the breakthrough, we look at the previous high of 3260, which is an important resistance level for ETH and a key point for subsequent market trends. The short-term support level is at the integer level of 3000; a pullback to 3000 can be a buying opportunity, and a pullback to 2950 can add positions, with targets of 3060-3150; for short positions, wait for a reversal signal above 3150-3250 before considering.
Lastly, I remind everyone that the market fluctuations after the non-farm data may be quite large, so be sure to control risks and set stop-losses. Although my strategies have a high accuracy rate, I cannot guarantee 100% profit; risk control is always the top priority. If this article helps you, please follow me, as I will continue to interpret the impact of macro data on the crypto market. Follow me to grasp market trends in advance! If you currently feel helpless or confused about trading and want to learn more about cryptocurrency-related knowledge and first-hand cutting-edge information, follow me.
