Friday, Non-Farm Payrolls arrive, continue to go long above 70,000

Yesterday's initial jobless claims data was bearish, pushing Bitcoin back down. As mentioned in yesterday's article, before the rate cut in March, the outlook is bullish for long positions, unless the price breaks below 67,500, which would signal a trend reversal. Until then, focus on low buy-ins. Today's strategy is to continue to go long above 70,000.

Tonight's Non-Farm Payrolls data is very critical. The previous value was 13, and the forecast is 5.9. If it aligns with the forecast, it would be a significant bullish signal. However, I personally estimate it won't be that low; the market is likely to rise first and then fall. Unless there's a major surprise, the current pattern remains volatile but upward.

After a large bullish surge on the daily chart, there was a pullback under pressure. The 74,000 level is a strong resistance, and it won't break through in one attempt. Repeated testing and accumulation are needed for an effective breakout and stabilization. In the afternoon, consider going long in the 69,800-70,300 range with a target of 74,000. Ethereum is also aligned, with a long position in the 2020-2050 range aiming for 2180. Manage your positions carefully and implement proper risk management based on your own situation.