What happened overnight? After the non-farm payroll, is the trend still bullish or bearish? The segment layout of Bitcoin and Ethereum is coming!

Overnight, there was a roller coaster ride of 8000, with wild fluctuations!

Our forecast given before and after the non-farm payroll was bullish, realizing 71500, which is considered a perfect resistance for the non-farm payroll. In the latter half, we still maintained the bullish outlook as long as 68500 holds, which has also been realized!

However, there were no major news in the market. The non-farm payroll surprised positively, which is known worldwide; all varieties experienced a roller coaster, with the US stock market closing sharply higher, while Bitcoin touched a high of 71600 and then plummeted, not aligning with the rhythm of the news, leading to a sharp drop. This is a pure washout mode, cutting through bullish sentiment.

Regarding the digestion of market sentiment, it is still the most concerning topic at the moment, whether to continue rising or to pull back.

As mentioned earlier, the principle of not breaking means not establishing. This is still quite practical now, with the technical structure showing a top-bottom conversion, the bull-bear watershed being 68000. Why is this position important? Everyone should remember that before the broad washout, there was a top here, which was tested several times before dropping down, and now that it has risen, why would it easily drop again?

Precisely because the technical structure needs to complete this retracement and high-touch action, a double top on the weekly chart, a pullback of 5000 is also normal. As long as it doesn't continue to test further, it won't affect the bullish background for the fourth quarter! After the non-farm payroll muddied the market, the upward trend should be unstoppable. No matter how much it washes out, it still has to rise. Some people are looking at a bearish 63000, 55000, and I can't help but laugh. Little do they know what illusion they are in?

Short-term pullbacks and negative news for washouts, this sentiment is just a fleeting moment; the background hasn't changed, and the direction of the big trend hasn't changed. How can we talk about a trend reversal?

For swing operations, I think now is a good opportunity.

After the pullback, not many people dare to get on board, which is precisely the extremes of greed and fear. Suddenly, in a few hours, two 4-hour candlesticks could surge to 73000.

For Bitcoin, it is recommended to hold bullishly in the 68600-69000 range, add positions on a pullback to 67500, if it breaks 67000, the first target is 73000, then 76000, and then we look at 80000.

For Ethereum, it is recommended to hold bullishly in the 2500 range, with the first target at 2730, then 3120.

Every round of the market appears in different ways; if grasped well, it means landing and taking off. Professionals do professional things $BTC