This morning digested the negative sentiment from last night's news, directly providing a space to dip nearly 1200+ points, successfully bringing the price down from around 70600 to the 68800 line. Our morning layout of short positions also took profit of over 1000+ points, and Ethereum similarly captured over 40 points of space, with the current price at around 69300.

From the current trend, Bitcoin has been declining for four consecutive hours, breaking the 70000 mark. Since it has broken this level, it is very likely to experience another drop. The continuation of the bearish trend mainly depends on the impact of the October non-farm payroll data tonight. It is expected that this afternoon will experience a phase of consolidation, mainly focusing on the news tonight, and we will act accordingly.

Bitcoin strategy: Short near 69700, target 68500

Ethereum strategy: Short near 2525, target 2470#市场关注美国非农数据 $BTC $ETH