Today the market is almost stagnant, Bitcoin slightly rebounded to 80,640, Ethereum faced resistance around 2,324.

Many people are puzzled why, despite escalating geopolitical conflicts and non-farm payroll data being major negative signals, cryptocurrencies, spot gold, and silver are not falling?

Signals of geopolitical escalation have not led to a rise in crude oil prices, and BTC stopped falling at around 79,500, ETH halted near 2,268.

Spot gold and silver are affected by both safe-haven demand and liquidity, with gold remaining above 4,700;

On Friday evening, as the short positions were teetering, they were held up by the strong US stock market, with some buying interest and institutional accumulation.

Currently, the bulls and bears are like a "tug-of-war" with one side: geopolitical situation + negative non-farm payroll data. The other side: US tech stocks are extremely strong and steady.

Careful crypto enthusiasts will notice: for a period, US stocks rallied but couldn't lift cryptocurrencies, but when US stocks cool down, crypto prices drop rapidly.

Tensions between the US and Iran are normal, peace talks are an exception; additionally, negative non-farm data could impact the market later.

Therefore, I still lean towards a bearish view, and the short-term strategy from Friday remains unchanged, so for those who haven't updated during the day and are holding no positions, I suggest:

BTC current price: short around 80,500, add to short at 81,000, protect at 81,550, target 79,000;

ETH current price: short around 2,315, add to short at 2,340, protect at 2,360, target 2,250.

No harmful guidance, purely sharing ideas, adhering to community rules!