Good morning ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹

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Last night, the US non-farm payroll data was released, showing that the number of non-farm jobs in the US increased by 12,000 in October, far below expectations: the estimated increase was 105,000, and the previous value was an increase of 254,000. The market expects a 25 basis point rate cut by the Fed in November. Overnight, the three major US indices rose collectively, with the Dow Jones rising 0.69%, the Nasdaq rising 0.80%, and the S&P 500 rising 0.41%. Intel rose nearly 8%, with better-than-expected performance and revenue guidance higher than analysts' expectations.
The encryption market is stabilizing, with BTC at $69,500 and ETH at $2,520. The currencies that are about to be delisted are among the top losers. With the approaching US election, market uncertainty has increased, and many investors choose to reduce their positions. This not only significantly reduces the chance of BTC reaching new highs before the election, but may also cause market volatility and hinder coin prices. Trump and Harris are the main candidates, and the results will lead to different market trends in the crypto world. If Trump is elected, the crypto world may experience a pump, especially for Dogecoin. This is driven by Elon Musk's support for Trump and Dogecoin's efficiency, security, and decentralization. It may have more opportunities under Trump's administration. If Harris is elected, the market may experience a significant pullback. However, regardless of the situation, it is important to be prepared and not hold heavy positions.




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BTC yesterday can be described as short-term long and short positions alternated frequently, although the daily candlestick relied on the pullback support around 68800 to rebound, the intraday trend fluctuated back and forth, not afraid of big pump and big dump, just afraid of the torture of alternating long and short positions; in terms of trend, the daily candlestick is still in a range oscillation. After the peak, longs experienced a pullback, but it did not change the structure of the overall trend. From the low points of several bottom tests, the overall trend is still maintaining an upward trend, but the suppression of resistance above is strong. The non-farm payroll data announced at 20:30 last night was far lower than expected, and the significant difference in data belongs to strong Favourable Information! Regardless of whether the data will be adjusted in the future, it indirectly led to the counterattack of BTC longs. After the daily candlestick closed last night, it went down from the top, which also conforms to the basic trend of the M shape. If it cannot fall below 68800, it is highly likely to oscillate upward, and the weekend will basically continue to oscillate! From the perspective of 4 hours, there are Long Wick Candles up and down in BTC, and there are signs of a turning point in the technical indicators. Currently, the overall trend channel is bullish, upward in structure, so the space for pump after the pullback will be relatively large. Therefore, we still lean towards low long positions in our operations.


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After-hours Ethereum saw a rebound rally influenced by positive non-farm news. Ethereum reached a high of 2587 and then pulled back under pressure, with a low of 2481. Based on the current market data, the strength of long positions did not hold, and yesterday's evening gains were basically given back, entering a wide range of fluctuations. The strength of both long and short positions is uncertain and lacks continuity. In the stage of choosing between long and short, the space is converging, and the short term is more testing patience. The short term may accompany a second probe higher and then a fall back. Pay attention to the short-term low near 2465. If it is lost, the adjustment space will deepen, and you can follow the trend and go short. Currently, it is consolidating, and the market is in a rebound phase. First, look at the rebound range and then look at the space under pressure to fall back.