Before the start of a real big market movement, the market usually goes through a Saw phase, where the goal of the dealer is to wash away the chips of the retail investor through constant fluctuations. For example, when the price of Ethereum rises to 3700, if you don't take profit in time, you may face a sharp fall, which will lead to regret. When the market recovers and the price rises again to 3700, will you consider selling? If you can resist selling, there will be another big fall to 3300, will you feel regret? If the price rises again to 3700, will you take profit? I assume that most retail investors will choose to take profit. Even if the retail investor holds on, fluctuations in the market start again, and eventually the chips will be completely washed out. A Market Maker uses analysis of large volumes of data and starts the market when the chips of the retail investor are already washed out. That's why frequent operations of retail investors usually lead to losses, as Market Makers understand the weaknesses of human nature well.

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Today at 21:30, data on unemployment in the US in December and data on non-farm population will be announced. In December, the unemployment rate was 4.20%, as expected; the previous non-farm employment figure in the US in December was 22.7, with an expected figure of 16. If the result is higher than the forecast, it will have a negative impact on the market; if it is lower, it will be positive; if it matches the forecast, it will not have a significant impact on the market. Currently, many cryptocurrencies have reached key support levels, and a reversal can be expected in the oversold conditions. However, whether this movement will continue will depend on today's data. Before the announcement of important data, it is important to manage your positions correctly and patiently wait for the evening data.