Yesterday saw a major plunge. The price fell back to the level it had risen to the day before yesterday, and in just a few hours during the U.S. session, it gave back the entire previous day's gains. This round of high-volume selling by the bears is unlike previous ones; the price has now been smashed through support, especially Bitcoin, which has no clear support levels below. On the daily chart, a large bearish candle has engulfed the large bullish candle. With nonfarm payrolls due tonight, Xiaoha is very concerned after seeing this sell-off ahead of the report. Don't expect too much; the report is likely to be bearish. Xiaoha expects this decline to push Bitcoin down to $73,000 and flush out the longs, so the plan for the rest of the day is to look for short positions on rallies.

As for entry levels, Bitcoin is around $76,800 and Ethereum around $2,270.