Friday, bulls make a desperate comeback, non-farm payrolls still bullish for long positions

Yesterday, Bitcoin broke below $90,000, and the bears suffered a bloodbath. Subsequently, influenced by news, the bulls made a desperate comeback and regained high ground. The main reason was that Federal Reserve officials called for about 150 basis points of rate cuts by 2026, which boosted market sentiment and cryptocurrency prices. Ultimately, Bitcoin recovered its losses and returned to the initial drop point.

Today, focus on non-farm payroll data, which is the first non-farm report since 2026. It has a significant impact on the entire cryptocurrency market. If the unemployment rate exceeds 4.7% or new jobs are significantly below expectations, it will greatly increase the probability of a rate cut in January. The market still shows strong rebound signals for this month.

Currently, as long as the daily chart holds the vital support line, the bearish trend will be difficult to continue. After three consecutive down days, a reversal to positive indicates that this correction is basically over. I still adhere to the initial monthly outlook: a long-term rebound northward towards 100,000 to test resistance. Comparing the time frame, this is after the rate cut into a winter period.

Bitcoin: Suggest buying in the 90500-91000 region, target 93500, enter with light positions, reserve some for topping up, and maintain good defense.

Ethereum: Suggest buying in the 3080-3100 region, target 3210, enter with light positions, reserve some for topping up, and maintain good defense.

A seasoned veteran of eight years, witness to bull and bear cycles, I prefer to walk with the light rather than fight alone. Buddha guides those with fate, only waiting for the dedicated. #Gate广场创作者新春激励