#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, the U.S. non-farm payroll 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 sell, low buy approach.
Ethereum's recent movement is clearly less volatile than Bitcoin. On the big 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 high was 2,463, with a pullback low at 2,218. It is now oscillating narrowly around 2,324, following Bitcoin's trend, but overall weaker. Trading should follow Bitcoin's strategy for positioning.
Evening trading ideas:
BTC: If rebounding near 81,000, consider shorting directly, target 78,000.
ETH: Short near the current price of 2,330, add to short on rebounds at 2,370, target 2,260-2,230.
Investing involves risks. Enter the market cautiously. The above views are for reference only. Trade at your own risk!