On Saturday, the retracement has confirmed support, and the bulls continue heading north.

After two days of retracement and correction on Thursday and Friday, Bitcoin has returned above the 80,000 level again. This pullback confirmed support at 69,000 below; for now, there are signs that the bulls may continue pushing higher to break up and reach new highs.

The Non-Farm Payrolls data released on Friday showed a rare occurrence in recent years—over the past one year—for consecutive two months of growth. The U.S. April unemployment rate recorded 4.3/400, unchanged from the previous month, which was in line with market expectations. After the data was released, Bitcoin stopped falling and rebounded.

In terms of the market, the Trump administration’s 10% global import tariffs were ruled to be prohibited from being carried out. The loophole to bypass Congress to levy comprehensive tariffs has been closed. This is positive for the global financial markets as a whole and has boosted capital liquidity.

Bitcoin: Go long by referencing the 79,500-80,000 area, with a target of 81,500. If it breaks down, reduce positions—watch for 8.3 up.

Ethereum: Go long in the 2,290-2,310 area, with a target of 2,380. If it breaks down, reduce positions—watch for 2465.

Weekend liquidity is thin—watch more and act less. For trading, it’s still recommended to focus mainly on going long at lower levels. There’s a relatively high chance of a gap at next week’s market open. Be cautious about taking short positions. That’s all for now—wishing everyone all the best.#

#BTC重返8万