Bitcoin has fallen again! Can it hold on? Where can Ethereum go long? Let's take a look.
1. Let's talk about ETH first. As shown in the picture, history is always remarkably similar. Just like in 2022, ETH peaked at 4900, rebounded to over 2000, and then fell again to 1700 for a slight consolidation. Finally, there was the terrifying 890!

2. The current drop and rebound at the 4 points essentially replicate the 2022 bear market, so ETH might really hit 1000 this year. However, we can actually start bottom-fishing and dollar-cost averaging from 1500.

3. In the short term, the current support for ETH is around 1900, while Bitcoin's short-term support is around 65000. A rebound is expected, with strong support at the previous low near 60000. We can try to use spot trading for a rebound of about 2000 points, which shouldn't be a big problem. If we're stuck, treat it as building a position in a bear market. If you want to be safe, do nothing and wait until it drops to over 50000 to start accumulating coins.

4. Then tonight at 9:30, there will be announcements on U.S. employment numbers and unemployment rates. It is rumored that this data will be revised down surprisingly, with revisions reaching hundreds of thousands or even over a hundred thousand, indicating that the previous employment figures were highly inflated.

5. However, employment data has always been a double-edged sword. A decrease in employment increases the probability of a financial crisis but also increases the likelihood of the Federal Reserve lowering interest rates and injecting liquidity. Therefore, the market is often conflicted when data is released, with mixed reactions. Just keep an eye on it; the real clear rise or fall will still depend on the CPI inflation data released on Friday night. Our program will discuss it tonight, so don't forget to follow me~