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

On Friday, the 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 boost 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, it rebounded, 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 remains to buy high and sell low.
Ethereum's recent movement is clearly less volatile than Bitcoin. On the larger daily cycle, after dropping sharply from 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 high is 2,463, with a pullback low at 2,218. It is currently oscillating narrowly around 2,324, following Bitcoin's trend, but overall weaker. Trading strategy is to follow Bitcoin's approach for positioning.
Evening trading ideas:
BTC: Short near 81,000 on rebound, target 78,000
ETH: Short directly around 2,330, add to short on rebound at 2,370, target 2,260-2,230
Investing involves risks. Enter the market cautiously. The above views are for reference only. Risk is borne by the investor!