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March 6 Night Focus on BTC/ETH Non-Farm Payrolls Night
Tonight, Mars is colliding with Earth. The non-farm payroll data will be released at 21:30. Will it help the market break out of the long-term box, or mark the end of this rebound? The answer may be revealed tonight.
BTC: Currently, it has fallen back to the first high-level rebound platform of 60,000 points, within the range of 69,000-71,400. A pullback to confirm this level isn't necessarily a bad thing. The key is whether it can push above 71,400 to form an N-shaped bullish pattern. So tonight’s critical support level is 69,000; if it doesn’t break this support, it remains vulnerable. After reaching the high near 74,000 yesterday, it has been weakly consolidating. We haven't seen a strong counterattack yet. If tonight it fails to defend this box, internal chips may turn against each other. A bullish rebound that reclaims 71,400 would meet expectations. In summary, it’s recommended to look for buying opportunities above 69,000, and for bears, watch for shorting opportunities near 71,400. If support is broken, exit the position.
ETH: Falling back into the main base camp of 2,038-2,075, tonight’s strategy is similar: try not to let ETH fall below 2,038, and even if it dips, it must recover. There is a smaller support level at 2,000-2,015, but its strength is moderate and can be used as a simple reference. Bears should look for shorting opportunities around 2,075-2,100. If it breaks above 2,100, consider exiting. (See chart for details)