This morning's early judgment was bearish, with the core being the bet that strong non-farm data and employment resilience would support rate hike expectations. However, tonight's released non-farm data directly showed a significant surprise miss, completely reversing the logic. Reorganizing the current core bullish logic, tonight's non-farm data directly delivers the strongest catalyst for bulls. The new employment data plummeted off a cliff, causing the market to directly postpone expectations of a Fed rate hike. The U.S. dollar weakened simultaneously, and billions of dollars flooded into Bitcoin, with a net inflow of 41.45 hundred million USD in a single day, representing tangible incremental bullish power.

Since the deep bottom at 57758 completed the release of bearish momentum, the market has formed a V-shaped reversal. Throughout the process, it rose with volume, breaking through the upper rail of the 4-hour Bollinger Bands. The Bollinger Bands expanded, and the upward space completely opened. Currently, after a short-term high of 62082, there is a slight pullback, which is just profit-taking and washout by short-term traders. The long-term bullish trend remains unchanged. Below, the two key supports of 61300 and 61608 provide layered protection. As long as these supports are not effectively broken, every pullback is a window for bulls to accumulate positions at low levels. Now, the macro easing main line has been established. Fighting against the trend with short positions will only continue to expand floating losses. Keep up with the shift in direction brought by data, and switch your thinking now. Follow the trend and be bullish.

Thursday evening trading ideas

Bitcoin pullback near 61500, long, target 63000

Ethereum pullback near 1690, long, target 1800