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Last night’s non-farm payroll data was positive, but the market sentiment reversed and weakened, with Bitcoin not rising but falling. After testing the key support at 67,400 in the afternoon and stabilizing, it rebounded and returned to the 68,000 level.
Trading volume remains sluggish, with insufficient bullish momentum. The trend shows a pattern of rising and then falling back, indicating a weak rebound. It’s more suitable to reduce positions and exit during rebounds, as the probability of further decline remains high.
Bitcoin: Short around 68,500-69,200, with a target of 67,000-66,000
Ethereum: Short around 1,980-2,020, with a target of 1,900-1,860$BTC $ETH