After six consecutive days of rebound, the market correction has arrived. This Friday, the unemployment rate decreased while non-farm employment actually declined. A combination of one good and one bad data point usually causes spikes up and down, followed by continued testing of the lower support levels.

Bitcoin has broken below the key minor level of 92,000 and is now oscillating around 90,000. This position has been consolidating long enough, making the support increasingly firm. It is expected to dip to around 89,200. If someone is willing to buy near 92,000, this could be a good opportunity to add to positions.

The recent upward space for Ethereum is indeed limited, encountering heavy resistance at 3,320. Bitcoin also failed to push Ethereum higher and instead fell back together, preparing for the next breakout. Ethereum’s starting point for the rise is around 3,120, which is currently the main support. If it breaks below, 3,050 could still hold for a bit.

In the recent altcoin rebound, I found a good target $THE, which is performing quite well. Once it retraces to around 0.21, consider building a position. As long as the overall market stabilizes, there will be plenty of opportunities in altcoins.