Bitcoin drops again! Can it not hold up anymore? Let's see where to go long on Ethereum.

1. First, let's talk about ETH. As shown in the chart, history is always remarkably similar. Just like in 2022, ETH peaked at 4900, rebounded from around 2000, then dropped again to 1700 for some consolidation. The final point was the terrifying 890!

2. The current decline and rebound points are almost a perfect replica of the 2022 bear market, so ETH might really hit 1000 this year. But from 1500, we can actually start bottom fishing and dollar-cost averaging.

3. In the short term, ETH's current support is around 1900, and Bitcoin's short-term support is near 65,000. A rebound is possible, with strong support at the previous low of around 60,000. You can try to make a roughly 2000-point rebound with spot trading; it shouldn't be a problem. If you're caught, consider it as building a position in the bear market. For safety, do nothing and wait until it drops to over 50,000 to start accumulating coins.

4. Tonight at 9:30, the US employment numbers and unemployment rate will be released. Rumors suggest this data will be revised downward significantly, with reductions reaching tens of thousands or even hundreds of thousands, indicating that previous employment figures were highly inflated.

5. However, employment data is always a double-edged sword. A decline increases the risk of a financial crisis but also raises the likelihood of the Federal Reserve cutting rates and easing liquidity. So, markets tend to be very contradictory when the data is released, with mixed reactions. Just keep an eye on it. The real direction will still depend on the CPI inflation data released on Friday night.