Davie Analyzes BTC and ETH Market Dynamics

According to Twitter user Davie, due to non-farm payroll data exceeding expectations with an increase of 55,000 jobs, the market has intensified expectations for a Federal Reserve rate hike in September, causing BTC to break below the support level of 80,500 and ETH to fall below 2,500. BTC has stopped falling around 79,000, and attention should be paid to the support test at 79,000. If BTC rebounds and encounters resistance between 79,800 and 80,500, a short position can be taken. Similarly, if ETH rebounds and meets resistance between 2,470 and 2,500, a short position can also be taken. The images show that on the WEEX platform, the ETHUSDT perpetual contract was shorted with 400x leverage, yielding a return of 325.96%, with an opening price of $2,463.74 and a mark price of $2,443.67.

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