The strong non-farm payroll report is as expected, with a pullback to buy the dip! As anticipated, the non-farm payrolls exceeded expectations at 60,000, with a record of 178k, showing very strong data. This indicates that signs of a weakening labor market are easing, and the Federal Reserve will now focus on reducing inflation.

From the market perspective, it has temporarily stabilized. The bullish strategy given yesterday and the night before is currently yielding small profits. You can follow along with a stop-loss on profits. The US stock market is closed tonight, and since tomorrow is the weekend, significant market moves are unlikely. Tonight’s trading will focus on buying at low levels!
4.3 Midnight Strategy
Bitcoin retraced to 65,800-66,300, with support around 64,800. Targets are 67,000-67,500-68,000. If broken, look for 68,500-69,000-69,300, with trailing stop-losses to protect profits depending on the situation!
Ethereum retraced to 2,010-2,040, with support around 1,970. Targets are 2,070-2,100. If broken, look for 2,130-2,170, with trailing stop-losses to protect profits depending on the situation!
Short-term strategy
Buy Bitcoin on a rebound at 68,500-69,000, with support around 69,500. Targets are 67,500-67,000-66,500. If broken, look for 66,000-65,500.
Sell Ethereum on a rebound at 2,130-2,160, with support around 2,195. Targets are 2,080-2,060-2,040.
Overall, the market is in a tug-of-war between bulls and bears, so it’s best to trade within the range for now! The market has stabilized, but the Middle East situation remains unstable and is escalating, so we’ll see how it develops! #CryptoMarketVolatility