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The non-farm payrolls data is just around the corner. Looking at Bitcoin and Ethereum's current performance, honestly, there's no clear direction—markets are waiting for signals, and the wait is making people anxious.
The market details are as follows: Bitcoin is barely holding steady around $90,000, while Ethereum is fluctuating between $3,100 and below. Today has been quite torturous—early morning saw slight volatility, trading was dead quiet, then suddenly a sharp plunge in the afternoon. There was an attempt to recover at the close, but the momentum wasn't enough.
The root cause isn't complicated. There's internal conflict within the Federal Reserve—some are shouting for large rate cuts, while others say inflation isn't fully under control yet and to hold off on easing. This causes funds to stay on the sidelines. Plus, the "small non-farm" data isn't as strong as expected, but the services PMI is quite good, creating a confusing contradiction. Also, new crypto regulations in Hong Kong just took effect, increasing the cost for institutions to hold coins, which has loosened some of the supporting funds, adding pressure to the market.
Looking at the 1-hour K-line, early trading was indeed sideways with low volume. By afternoon, Bitcoin sharply turned down from around $92,000 to the edge of $90,000, and Ethereum dropped from $3,180 to $3,100. During the decline, trading volume clearly increased—short-term funds are pulling out. The small rebound at the end of the session only shows that support is still there, but lacking momentum.
Next, we wait for the data. Tonight's initial jobless claims and Friday's non-farm payrolls will directly influence market expectations for the Fed. This essentially opens Pandora's box, and volatility is highly likely.
Trading advice: Don't rush to buy the dip in the short term; wait and see. If Bitcoin can hold above $90,000 and Ethereum stays above $3,100, a small rebound is possible. But if key supports are broken, be prepared for lower levels. Keep a close eye on Fed movements and regulatory news.
#密码资产动态追踪 $BTC $PEPE
Let's wait for the non-farm payrolls, anything said now is pointless
Once the new regulations in Hong Kong came out, institutions directly ran away, this is the real pressure
Can the 90,000 support hold for a few more days? I doubt it
That small rebound at the close was just a fleeting glow, not meaningful
The Federal Reserve is each singing its own tune, funds are all frozen, who dares to buy the dip, they are all fools
When prices fall, trading volume increases, indicating someone is really dumping, don't expect a rebound in the short term
Tonight's initial jobless claims data, if it spikes again, 3100 might not hold
Stay cautious and watch, let's see what happens on Friday
I just want to know, if the non-farm payrolls come out and the data is again useless, what will happen? That group at the Fed is really enough to cause trouble.
As soon as the new regulations in Hong Kong were announced, institutions started withdrawing. It seems like they are serious this time, so we need to stay alert moving forward.
As soon as the new Hong Kong regulations came out, institutions started dumping coins. What’s the point of playing now?
Support keeps getting tested but never breaks through, and the rebound is weak. So annoying.
We must hold the 90,000 level; otherwise, there’s more room to fall.
Hey, do you guys feel that lately, no one is willing to buy during the rebounds?
By the way, if this wave breaks down, where is the next support?
Until yesterday, I still hadn’t remembered my holdings; my brain is fried.
Before the non-farm payroll report, it’s better to stay cautious. I need to calm down first.
Instead of guessing the Federal Reserve’s intentions, betting on a coin flip seems more reliable.
Once key support is broken, it’s time to run.
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As soon as the new Hong Kong regulations came out, the costs for institutions increased. No wonder the support力度 is insufficient.
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Waiting for the data, Pandora's box is about to open.
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That small rebound at the close was like no rebound at all, completely lacking strength.
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If the support level breaks, it's game over; we need to see if the 3000 level can hold.
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The Federal Reserve's internal disputes are so loud that the market has gone silent, it's really outrageous.
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Honestly, right now it's just a wait-and-see situation; anyone daring to buy the dip is just a gambler.
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The Services PMI is pretty good, but it’s a load of nonsense; it can't save this market at all.
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The contradictions are a complete mess. How am I supposed to operate?
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Tonight's initial jobless claims data feels like it's going to explode; I’ll go to bed early to avoid it.
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90,000 yuan was ground down to the edge, and the rebound at the end of the session... forget it.
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The Federal Reserve's tug-of-war has left the market directionless. It's hilarious. Pandora's box is about to open.
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Support is still there, but lacking momentum. Hearing this is really tiring.
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Don't buy the dip in the short term. I want to buy too, just my fingers are itchy.
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Non-farm payrolls are coming, and volatility can't be avoided. Let's see the real performance on Friday.
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Trading volume increased and broke through, basically a wash to shake people out.
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If Ethereum can't hold above 3100, it's even worse. Looks like I need to keep observing.
If I can't hold the 90,000 line, I'll just come clean and fold, run on rebounds, don't ask why
It's always like this before non-farm payrolls, just close your eyes and wait
After the new regulations in Hong Kong, institutions directly chickened out, no wonder funds are flowing out
The effort to push the market up at the close is like nothing, and it still has to fall further
I'm truly convinced, does the big A-shares also mess with people like this?
If the support is gone, what's below? Does anyone understand?
I'm not bottom-fishing, waiting for the Fed to give a signal, right now bottom-fishing is just pouring money into water
Can you give some guidance? The daily sideways movement is really unbearable.
As soon as the new regulations in Hong Kong were announced, the supporting funds fled, it's tough.
With such low volume before the non-farm payrolls, it feels like a storm is coming.
Support levels are all fake now, who dares to buy the dip? Haha.
Waiting for Friday's data, let's just watch the show for now.
The Fed folks are fighting among themselves, and we're forced to wait and see. It's really annoying.