5.8 Concubine Lunchtime Analysis

Non-farm payrolls combined with China visits are double bearish signals, shorting at high levels and quickly getting on board

Lunchtime second pancake market continues the morning's weaker trend, with the overall movement closely following Bitcoin's downward link, and rebound strength is very limited. After rising, it remains under pressure and pulls back continuously, with no signs of a strong reversal momentum, and the overall atmosphere is more weakly corrective.
Currently, just before the release of US non-farm payroll data, market sentiment is cautious and watchful. Evening data will directly influence the overall trend expectations moving forward, and the data performance will determine the overall market direction, with a strong wait-and-see mood.

The current market shows obvious short-term resistance levels, and a slight rebound is unlikely to break through key barriers. As long as it cannot stabilize above resistance, the pattern of continued weakness remains. Once the key support below is broken, further downside space will open up.
In terms of operations, it is still advisable to position on rallies, and it is not suitable to blindly chase gains at this stage.

Trading Suggestions

Gradually enter in the 2290-2300 rebound zone, with a stop at 2330, targeting 2250-2230$BTC $ETH $ETH