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March 6 Night Focus: BTC/ETH on Non-Farm Payroll Night
Tonight, Mars is colliding with Earth. Non-farm payroll data will be released at 21:30. Will it help the market break through the long-term box range, or mark the end of this rebound? The answer may be revealed tonight.
$BTC
BTC: Currently, it has fallen back to the first high-level rebound zone of 69,000-71,400 points. A pullback to confirm this level isn't necessarily a bad thing. The key is whether it can push above 71,400 to form an N-shaped bullish pattern. So tonight’s critical point is that the 69,000 support must not be broken. After reaching a high near 74,000 yesterday, it has been weakly consolidating. We haven't seen a strong counterattack yet. If tonight it doesn't defend this box range, internal chips may turn against each other. A bullish reversal that reclaims above 71,400 would meet expectations. In summary, it is recommended to look for buying opportunities above 69,000 for a rebound, while bears should watch for shorting opportunities near 71,400. If support is broken, exit the position.
$ETH
ETH: Falling back into the main zone of 2038-2075, the same approach applies tonight: try not to let ETH fall below 2038, and even if it dips, it must recover. Although there is a smaller support zone at 2000-2015, its strength is moderate and can be used as a simple reference. Bears should look for shorting opportunities in the resistance zone of 2075-2100. If it breaks above 2100, consider exiting. (See chart for details)