Evening Market Observation: #美国非农就业数据未达市场预期 and $BTC Trend Analysis



From the 1-hour chart, the price did not continue to decline after facing resistance; instead, it stabilized in the middle zone during the rebound. The bullish buying pressure is supporting the bottom, and although the channel has flattened and the moving averages are mixed, this is a short-term correction phase. The key is that the accumulation at lower levels is ongoing; as long as the support is not broken, the bullish outlook remains clear.

On the 4-hour chart, the scene is different—after stabilizing at the midline, the price started a strong upward surge, and the channel has opened upward. The bullish volume continues to gently increase, and the moving averages are also beginning to move upward in sync. The retracement on smaller timeframes has completed the accumulation phase, and the subsequent upward correction has the potential to continue. Of course, there will likely be phase-wise oscillations to digest profit-taking.

Operational reference:
- $ETH can consider long positions in the 90500-91000 range, with attention to the 92500-93000 zone above
- $BTC can enter around 3070-3100, targeting near 3220-3250

Under the background of U.S. non-farm payroll data being below expectations, market risk sentiment has eased, providing some support to the crypto market.
BTC1,55%
ETH1,71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
GateUser-a5fa8bd0vip
· 3h ago
The non-farm payrolls failed, and you're still pushing forward? You’ve got quite a guts, brother.
View OriginalReply0
AirdropHunterZhangvip
· 3h ago
Weak non-farm payroll data is actually good news; this rally has a chance to succeed.
View OriginalReply0
MergeConflictvip
· 4h ago
The weak non-farm payroll data actually benefits the crypto market; I really have to admit, this logic is impressive.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt