Brothers, the non-farm payroll data has been released, with an increase of 64,000 jobs, far exceeding the expected 50,000. The result is clear, negative news has landed, and Ethereum has responded accordingly. Let's take a look at this 5-minute candlestick chart, which is the most genuine market language.

The current price is $2,940.81. The chart clearly shows that before and after the data release, the price once surged to $2,982.10 but quickly turned down, forming a long upper shadow, which constitutes a typical false breakout that entices buying.

Pressure Confirmation: The 2980-2985 area has become a strong resistance zone for tonight. If the price rebounds to this level but cannot break through with volume, it is a position to reduce holdings or attempt shorting.

Support Observation: The current price is testing immediate support near 2940. If it breaks below, the next support is around 2916. The more important defense line is at the daily platform of 2880-2900.

Niu Ge's Current Strategy

The price has fallen below the short-term moving average, and the rebound has met clear resistance. The more we are in this situation, the more it is a golden opportunity to short.

Core Discipline

In the early stages of a downturn driven by macro-negative factors, market fluctuations will be very intense. Remember, do not guess the bottom, do not chase rebounds. Let the market establish a clear downward structure, and we will only follow the segments with the highest certainty.

I am Niu Ge, trading is not gambling; it is the art of dealing with probabilities. We will take steady steps and find the most beautiful pearls from the waves. #加密市场观察 #ETH走势分析