Friday, a day of five blessings! Midday Jingyi's thoughts.



Every day is a new beginning. Live in the present to look forward to the future. The market has been performing well recently. Yesterday's non-farm data came in below expectations, which is bullish. Seizing the trend, we achieved good results. The current market liquidity panic has dissipated, and coin prices are undergoing a recovery rally.

However, this rally is merely a rebound from oversold conditions, not a trend reversal. The general direction remains bearish. As we approach the weekend, volatility is limited. The key point to watch is next week's PCE inflation data, which will be the turning point. If the data strengthens, the market will resume its decline; only a cooling of inflation can open up upside space. With the U.S. stock market closed today, we can focus on range trading—going short at highs and long at lows.

Bitcoin resistance: 622-630, support: 605-611.

Ethereum support: 1695-1670, resistance: 1730-1750.

#非农爆冷打压加息预期
BTC2.31%
ETH6.09%
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