5.8 Xin Xin Auntie Evening Analysis

After the non-farm data landed, the previous fantasies of “Dôtóu” were immediately shattered. Auntie stepped out of a textbook-like pullback, perfectly confirming our take that the high-level sluggish, range-bound market will persist. The market has already provided a clear “Dôtóu” signal: after the price touched the 2301 high, it quickly fell back. It has now dropped to around 2278. A long upper shadow at the high formed a “shooting star.” The bulls’ attempts to push through a key resistance level completely failed.

On the indicator side, bearish momentum continues to be released. After the KDJ turned down from the high zone, the strength of the oversold rebound/repair was extremely weak, and no effective reversal signal was formed. On a daily timeframe, price-volume divergence is clearly visible, and “Dôtóu” funds continue to flow out—market funds are actively escaping from high levels. Meanwhile, non-farm employment data came in above expectations, delaying the Fed’s rate-cut expectations. In the crypto market, overall “Dôtóu” sentiment is being suppressed. As a follow-up lagging/participating rally asset, Auntie lacks independent upside momentum.

The evening rebound is the last chance for “Dôtóu” to exit. The resistance zone above 2290-2300 is an excellent spot for a second “Dàn” layout. As long as the price cannot fail to hold above 2300 on increased volume, this pullback will not end. If the short-term support at 2280 is broken, the “Dôtóu” target will shift to the 2260-2230 range. Don’t be misled by small time-frame rebounds—follow the “Dôtóu” rhythm and steadily catch this pullback.

Trading suggestions:
Place a “Dàn” layout for Auntie around 2290-2310, with targets at 2250-220. Observe carefully and control your position size
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