In Thursday's market, after a slow buildup, Bitcoin initially surged to the resistance level of 72720 in the evening before retreating. Due to the negative impact of the non-farm payroll news, a wave of strong shorts caused the price to drop to a low of 70400. Ethereum's bullish sentiment during the day was not strong, peaking at 2669 in the morning and then showing a downward correction trend, with a rapid drop to a low of 2540 in the evening. Lao Peng re-entered long positions after a pullback in the morning, with Bitcoin gaining 600 points in the afternoon and Ethereum gaining 25 points. The long positions in Bitcoin and Ethereum set up in the evening unfortunately hit stop losses of 600 points and 29 points respectively, leading to profit withdrawal. Subsequently, Lao Peng calmly analyzed and made adjustments to follow the bearish trend, observing a continuation. The short positions set at 71300 and 2588 hit the target as expected, with Bitcoin gaining 800 points and Ethereum gaining 38 points. This highlights the difference in real-time guidance; Lao Peng decisively adjusted during the session, proving our strength once again.

The market catalyzed by news is mainly short and fast. The impact of news is short-term, and hedging has already been reflected. In the absence of significant escalation in regional conflicts, the impact on future market fluctuations will gradually weaken and ultimately return to technical patterns. Moreover, the previous entire rise was completed in a short time, creating a large gap, which is akin to building a structure on the beach; regardless of how high you build, if the foundation is unstable, it will eventually collapse. The bearish turn has not yet arrived, and at least there are no obvious signals at the larger levels. We view this downward movement as a corrective adjustment. If the market shows consecutive declines again, we will handle it accordingly, while currently, we continue to look for a rebound after the pullback.

Operation Suggestions

At midnight, Bitcoin can be bought directly at 70000-70200, with a target of 71500-72000.

Ethereum can be bought around 2540, with a target of 2600-2650.

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