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1.9 Evening Bitcoin and Ethereum Trading Suggestions and Directions
In the afternoon, the outlook once again aligned with market sentiment. The price rebounded from around 91,000 and once again tested the 89,600 level. The rebound followed the expected pattern. From the current market situation, after multiple tests of the upper resistance, the price retreated but did not break below the support level during the pullback, indicating a clear narrow-range consolidation. From a technical perspective, the KDJ indicator's three values remain in the low zone and have not formed a golden cross, suggesting short-term weak momentum. All cycle RSI indicators have not broken above the 50 midline, indicating insufficient bullish strength. The MACD histogram remains red with no significant contraction in momentum, so the short-term bears still hold an advantage, but the downward speed trend is slow.
Before the non-farm payroll data release, short-term trading suggestions: mainly focus on rebounds.
For Bitcoin around 91,000-91,500, consider shorting, watch for 89,500, (if broken downward, look for support at 91,700).
For Ethereum around 3,100-3,130, consider shorting, watch for 3,020, (if broken downward, look for support at 3,140).