Tuesday's decline was smooth and steady, with the bears maintaining a decisive rhythm. Next, watch whether the non-farm payrolls can further fuel the bearish momentum.
Intraday rebound strength is clearly lacking, with prices pulling back after rising. 66,000 is a key level; once it is broken, the rebound will become more difficult, and the downside space is expected to open further. Even if non-farm data surprises to the upside, the market is more likely to rise first and then fall; if the data is neutral or slightly bearish, a direct continuation of the decline is highly probable.
The rhythm is set around the US session. Consider short positions near 68,600 during the rebound, with targets around 63,800-61,600.
Ethereum is weakening in tandem; after breaking below 2,000, focus on 1,830-1,680 below.
With the Spring Festival approaching, control your positions, implement good risk management, and staying steady is more important than anything else. $BTC #我在Gate广场过新年
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Tuesday's decline was smooth and steady, with the bears maintaining a decisive rhythm. Next, watch whether the non-farm payrolls can further fuel the bearish momentum.
Intraday rebound strength is clearly lacking, with prices pulling back after rising. 66,000 is a key level; once it is broken, the rebound will become more difficult, and the downside space is expected to open further. Even if non-farm data surprises to the upside, the market is more likely to rise first and then fall; if the data is neutral or slightly bearish, a direct continuation of the decline is highly probable.
The rhythm is set around the US session. Consider short positions near 68,600 during the rebound, with targets around 63,800-61,600.
Ethereum is weakening in tandem; after breaking below 2,000, focus on 1,830-1,680 below.
With the Spring Festival approaching, control your positions, implement good risk management, and staying steady is more important than anything else.
$BTC #我在Gate广场过新年