Last Friday's market movement formed a classic V-shaped rebound. Bitcoin fell below $90,000, and the bulls experienced a brief period of difficulty, but then the market sentiment quickly reversed after Federal Reserve officials indicated that interest rate cuts of about 150 basis points might occur by 2026. As a result, the price recovered its losses and ultimately returned to pre-drop levels. This back-and-forth movement indicates that the market is still very sensitive to policy expectations.

Today's main event is the release of non-farm payroll data. This is the first non-farm data since 2026, and its impact on the crypto market could be greater than you imagine. If the unemployment rate breaks above 4.7% or if new jobs are significantly below expectations, the market will greatly increase its expectation of a rate cut in January. Such heightened expectations often provide substantial support for prices.

From a technical perspective, it is very important for Bitcoin to hold key support levels on the daily chart. After three consecutive bearish days, today’s bullish candle indicates that the current correction has largely played out. Looking at the larger cycle, there is still a chance for a rebound towards $100,000, and this process is likely to span the entire period of rate cut expectations.

**Trading Strategy:**

For Bitcoin, consider entering long positions in the $90,500-$91,000 zone, targeting $93,500. Use a light position to allow room for adding on dips during pullbacks, and set proper stop-losses for risk management to maintain a stable mindset.

For Ethereum, the $3,080-$3,100 range is a good entry point, with a target of $3,210. Similarly, start with a small position, keep room for adding, and set stop-losses accordingly.

Market dynamics always revolve around data and expectations, and the non-farm payroll data is a key point to watch closely.