There is a kind of heroism, which is to choose to live seriously and cherish life even after we see the truth of society! In life, not causing trouble to others is a form of compassion, but not causing trouble to oneself is wisdom. As the saying goes, when faced with uncertainty, one can ask the spring breeze; the spring breeze does not speak, but follows the heart!!!

Yesterday's market review showed that the price of cryptocurrencies fluctuated around 89,000 for most of the time. After the non-farm payroll data was released in the evening, with the data being favorable, the market trend followed our analysis, ultimately showing a trend of rising first and then falling, which was very much in line with our expectations. In terms of operations, the attitude of Zongheng yesterday was very resolutely bearish, but there were some minor flaws in the execution. Choosing the 89,000-90,000 area as the entry point for short positions, with a stop loss at 91,000, but during the upward spike, if the stop loss was set at the integer level of 91,000, it would be swept away. Some platforms did not trigger the stop loss, so during the actual operation, Zongheng specifically mentioned that if the stop loss was triggered, one should quickly re-enter the short position, and if not triggered, continue to hold. Because the market was just near the stop loss point, if one could not track the operation in real-time, it was indeed easy to encounter problems. For those who followed the operation and had their stop loss at 91,000 swept away, Zongheng apologizes for failing to meet everyone's trust, resulting in the inability to update operations in real-time, leading to losses in this firmly held bearish position expecting a correction. As for Ethereum, it continued to short yesterday, and if one added positions above 2,300, there was still some profit.

Returning to the news front, first, yesterday morning, Trump signed a strategic reserve executive order, causing a round of market fluctuations, which was interpreted in yesterday's article, so I won't reiterate it today. In the evening, the non-farm payroll data was released, with the published value greater than the previous value but less than expected, providing slight bullish sentiment. Thus, after a period of fluctuating upward movement, the market began to retreat. By midnight, the White House crypto summit did not provide substantial positive news for the crypto market, falling short of market expectations for this crypto summit, leading to another market decline.

On the technical front, influenced by the news, the four-hour K-line has continuously closed in the red, with bearish volume being released downwards. The moving averages have once again formed a small death cross. Currently, the price has seen a slight rebound, but the strength of the rebound is insufficient to form a trend reversal. The four-hour MACD has formed a bearish cycle, with the bearish volume bars continuing downwards, showing no obvious signs of turning. The fast and slow lines are about to run below the zero axis. At the same time, the price has approached the lower edge of the triangle area, and the wide-ranging fluctuation pattern in the four-hour cycle will also face a choice of direction, with the overall trend still being predominantly weak. Today is also the weekend, which generally leads to reduced market liquidity and decreased trading activity. In this market environment, the risk of medium to long-term positioning increases, while short-term trading strategies are more suitable. From the perspective of short-term technical indicators, the area around 87,500 constitutes a key short-term resistance zone, while the short-term support is around 84,500.

In terms of operations, it is recommended to enter short positions around 87,500 today, with a stop loss at 89,000, targeting 84,500 and looking for a continuation of the bearish trend towards 82,000. If there are still short positions from yesterday, then move the stop loss down and continue to hold.

For Ethereum, the basic position is still held short, and the trend will still follow Bitcoin, remaining bearish. One can continue to enter short positions around 2,180-2,200 during the day.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and the real-time changes in the market may lead to delays in information, making the strategies not timely. Specific operations should be based on real-time strategies. Everyone is welcome to contact and discuss the market.】

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