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February 11 BTC/ETH:
Non-farm data is expected to be exaggerated by over a million, possibly leading to the next sharp decline!
The non-farm employment figures and unemployment rate will be announced tonight. Wall Street has issued early warnings that the annual benchmark revision will eliminate over a million jobs, which were previously just face-saving data for the Federal Reserve rate cut meeting. The actual downward revision will definitely cause the Fed to reconsider inflation data, likely triggering market fear and a sharp decline!
BTC
Currently, the K-line shows a clear bearish pattern, with the four-hour and daily charts breaking below key levels, and the rebound failing to recover. Resistance during the rebound is expected around 8780-8740. Pay attention to this zone. If the price continues to fall, watch for support targets at 6650-6520. A small loss can be taken around 6520 during a minor rebound. If the downward break occurs, look for support at 6280-5980.
ETH
The "mistress" trend is very weak, continuously hitting recent new lows. Resistance during rebounds is expected around 1962-1987. At least, a daily closing above this zone would indicate some strength. Pay attention to this area. If the price continues to fall, support targets are 1860-1772-1715.
Short-term trading should be flexible and adaptable. Defensive strategies depend on your actual position! $BTC #币圈生存指南