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11.7 Evening BTC/ETH:
The current market remains in a consolidation phase before the non-farm payroll data release, with short-term correction momentum unchanged. However, the major trend still faces pressure, and the non-farm payroll data tonight will be a key catalyst to break the consolidation pattern. Bitcoin currently faces multiple overlapping resistance zones above, and without core positive support, the rebound momentum continues to weaken. Overall, the market remains predominantly bearish; Ethereum follows Bitcoin's rhythm, with limited rebound space, and the bearish structure has not yet changed.
Operational suggestions:
Maintain a range-bound strategy before the non-farm payroll data release, focusing on shorting rebounds.
For Bitcoin, consider short positions in the 102,500-103,500 range, with the first target at 100,500-99,000. If it breaks below the 99,000 key support, extend the target to 96,000-90,000.
For Ethereum, enter short positions in the 3,350-3,380 range, with targets at 3,280-3,250. If broken, extend the target to 3,150-3,080.