#Gate广场五月交易分享 The "Death Shock" Before the Major Market Move: BTC/ETH Driving Retail Investors Crazy

On Friday, U.S. non-farm employment data was released, with the unemployment rate remaining steady at 4.3%. Employment numbers declined compared to April, but not as badly as market expectations. The non-farm data failed to trigger significant market volatility and instead continued to oscillate and shake out traders.
Regarding Bitcoin: the daily chart dropped from a high of 97,932 to a low of 59,800. Currently, it is in a clear rebound trend, with the current price at 80,694, having recovered most of the decline.
Key resistance is in the 83,000-91,000 range, with support at 74,000-76,000; on the 4-hour chart, after forming a low at 73,669, a rebound occurred, reaching a high of 82,828. It is now consolidating in a high-level oscillation. The short-term bullish trend has not been broken, but there are signs of a slight pullback. Trading strategy should follow a high short and low long approach.
Ethereum's recent movement is clearly less volatile than Bitcoin. On the larger daily cycle, after dropping sharply from a high of 3,446 to 1,736, it is also in a recovery rebound phase. The current price is 2,324, overall weaker than Bitcoin. Resistance is in the 2,400-2,700 range, with support at 2,000-2,100. On the 4-hour chart, recent rebound highs are at 2,463, with pullback lows at 2,218. It is currently oscillating narrowly around 2,324, following Bitcoin’s trend, but overall weaker. Trading should follow Bitcoin’s strategy for positioning.
Evening trading ideas:
BTC: Short near 81,000 on a rebound, target 78,000
ETH: Short near 2,330 at current price, add to short on rebound at 2,370, target 2,260-2,230

Investing involves risks. Enter the market cautiously. The above opinions are for reference only. Trade at your own risk!