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As expected on Black Friday, with the release of the US Non-farm Payrolls (NFP), far below expectations, the favourable information only led to a slight surge to 115900 before facing resistance, followed by a strong pullback. The price fell to 113300, providing a pullback space of nearly 3000 points. Ether also dipped alongside BTC, falling to around 3520, and is currently fluctuating around the 113400 level.
From the hourly chart perspective, BTC broke below the support level and has been in a continuous dip, leaving no room for a rebound. The bears are too strong this time; although the news is favourable, this is indeed a crash trend. Once it breaks below, strict stop-losses should be enforced to avoid significant losses. Currently, there are signs of stabilization at the lower levels, and we can look to enter long positions directly at the bottom in the early hours.
BTC strategy: Buy around 113200, target 114500
Ether strategy: Buy around 3535, target 3600 #6 BTC全民空投限时派送中#