On the 1.9 Non-Farm Payrolls data release, will BTC and ETH hit the bottom?

The global virtual market is currently in a critical battle between bulls and bears. In the short term, it is disturbed by passive selling pressure triggered by the annual adjustment of the Bloomberg Commodity Index. In the medium term, focus is on US non-farm employment data guiding the Federal Reserve's policy path. In the long term, under the support of low interest rate expectations, escalating geopolitical risks, and high global fiscal debt, institutional bullish consensus on cryptocurrencies continues to strengthen.

Yesterday, a strong support level at 891 was clearly identified and ultimately not broken. The price stopped falling around 892, then rose to the 915-920 resistance zone. Early morning, a short order was placed near 915, but just now, most of it was sold off. Due to two news releases overnight, I chose to stay alert. Those holding positions should try to exit before the news, but no one can predict the size of the volatility. Wait for the market to stabilize before acting or for a good entry point.

BTC overnight entry, two long positions at 87788 and 86788 for replenishment.

BTC overnight entry, two short positions at 82766 and 83666 for replenishment.