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Kujingci: 1.9 Bitcoin/Ethereum long and short positions continue to profit. Can tonight's Non-Farm Payrolls break the market consolidation?
Bitcoin and Ethereum have repeatedly warned of a pullback in recent days. Last night, they started to signal a retracement to enter long positions. Overall, the market can still hold a decent space. Currently, the market shows a rebound after a decline with a volatile pattern. The overall weakness remains unchanged. Tonight's US Non-Farm Payrolls report will be a key influencing factor. Bitcoin and Ethereum dipped to around 89200 and 3050 last night, then rebounded. This morning, they reached highs near 91580 and 3147 before pulling back. Currently, they are oscillating around 90400 and 3090.
On the daily chart, the price broke below the short-term upward trendline and is oscillating between the 5/10-day moving averages. MACD shows a death cross with increasing green bars, indicating that the bears dominate the short-term trend. The 4-hour chart rebounded after touching the lower Bollinger band, RSI has exited the oversold zone, showing some technical correction but lacking strength. Support levels are around 89000 and 3050; a break below could see a further decline toward 88000 and 2980. The market focus tonight will be the US December Non-Farm Payrolls report. If the data is significantly weaker than expected, it may trigger a strong rebound. Conversely, caution is advised for further market pressure.
Evening trading suggestions: Buy near 89500-89000 for Bitcoin, targeting 91500-92500; buy near 3060-3080 for Ethereum, targeting 3150-3200.
Daily analysis and strategy have a relatively high success rate. All analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication are not real-time; please follow the actual market conditions! #GateFun马勒戈币暴涨1251.09% #Gate广场创作者新春激励 #非农就业数据