Tonight at 20:30 Non-Farm Payrolls data, 81,000 has become the critical four-hour level battleground between bulls and bears. At present, the market is still in the end phase of the four-hour wave four pullback within the four-hour main upward wave three. When broken down on the 15-minute chart, the exhaustion structure at the end of the descending wedge is already very close to the tail end of C5.

The key is whether it can recover 80,200 with increased volume. Once it holds and then retests without breaking below, it means the end of the 15-minute C wave, and the start of the small wave 1 of the hourly wave 5. Upside targets: 82,800, 83,200, 83,800, 84,200.

But if it accelerates and breaks down below 79,470, that would indicate that the extended structure of C5 continues. Logically, the four-hour wave four pullback will not enter the price range of wave 1 as well, and this means the next strong support on the four-hour level is around 78,700. The daily structure needs a valid breakdown below 78,500 in order to see a deeper pullback. #BTC #ETH #BTC走势分析