Yesterday's continuation of the short idea was in line with expectations, but the large non-farm payroll report exceeded expectations in the evening, causing the price to spike upward before continuing its decline. The moving stop-loss on the short position was swept out in the evening. Since the US stocks didn't fall significantly on the pullback, I tentatively took a long position, which still has some room. Those holding long positions can also consider a breakeven stop-loss to see how the situation develops. Currently, the price has rebounded after a decline, suggesting a potential bottoming out. If you missed the entry, you can wait for a pullback to re-enter!

2.12 Evening Long Position Strategy

Bitcoin retraced to 66,500-67,000, with a support around 65,500. The target is around 68,000-68,500-69,000. If broken, look for 69,500-70,000-70,500-71,000, and continue moving the stop-loss to lock in profits based on the situation!

Ethereum retraced to 1,900-1,940, with support around 1,850. The target is around 1,950-2,000. If broken, look for 2,050-2,100, and continue moving the stop-loss to lock in profits based on the situation!

2.12 Evening Short Position Strategy:

Bitcoin rebounded to 71,000-71,500, consider shorting with a stop around 72,500. The target is around 70,000-69,500-69,000. If broken, look for 68,500-68,000-67,500-67,000, and continue moving the stop-loss to lock in profits based on the situation!

Ethereum rebounded to 2,100-2,140, consider shorting with a stop around 2,180. The target is around 2,050-2,000, and if broken, look for 1,950-1,920-1,900.

Currently, the market is consolidating at low levels. Although the large non-farm payroll report exceeded expectations and was bullish, US stocks did not rally, possibly due to data manipulation. The overall trend remains bearish, but institutional investors might be stepping in to bottom fish, especially since the decline has been significant. Prices at low levels could present buying opportunities for institutions!#非农数据大超预期