1.9 Bitcoin/Ethereum Long and Short Continued Profit - Can Non-Farm Payrolls Break the Range Tonight?



Bitcoin and Ethereum had multiple reminders of the pull-up trap in the previous days. Starting from last night, we reminded pullback entries for longs, and the overall movement has yielded decent profits. Currently, the market is showing a rebound consolidation pattern after the decline, with overall weakness unchanged. Tonight's US non-farm payrolls report will be a key influencing factor. Bitcoin and Ethereum rebounded after exploring lows near 89200 and 3050 last night. This morning, they touched highs near 91580 and 3147 before pulling back. Currently consolidating near 90400 and 3090.

On the daily chart, it has broken below the short-term uptrend line and is consolidating between the 5/10-day moving averages. MACD death cross with expanding green columns, indicating bearish control over the short-term trend. The 4-hour chart rebounded after touching the Bollinger lower band, with RSI breaking out of the oversold zone, showing technical recovery but insufficient strength. Support levels to watch: 89000 and 3050 below, with further downside at 88000 and 2980. Tonight's market focus will be the US December non-farm employment report. If the data is significantly weaker than expected, it may drive a strong price rebound; otherwise, be alert to renewed downward pressure on the market.

Evening Trading Suggestions: Bitcoin long near 89500-89000, targets 91500-92500; Ethereum long near 3060-3080, targets 3150-3200.
ETH0,24%
BTC0,25%
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Ryakpandavip
· 01-09 11:04
Ổn định vị trí, chuẩn bị cất cánh 🛫
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  • Ghim