1.9 BTC/ETH Continued Profit from Long and Short, Can Non-Farm Tonight Break Through the Volatile Market
Bitcoin and Ethereum's recent pull-up traps were repeatedly reminded in the previous days. Starting last night, we reminded pullback and went long. Overall, we could capture decent profits. Currently, the market is in a rebound and oscillation pattern after the decline, with the overall weakness unchanged. Tonight's US non-farm employment report will be a key factor. Bitcoin and Ethereum rebounded after testing 89200 and 3050 respectively last night. Today morning touched highs around 91580 and 3147 before pulling back. Currently oscillating around 90400 and 3090.
On the daily level, it broke through the short-term rising trendline and oscillates between the 5/10-day moving averages. MACD death cross with increasing green columns, with bears dominating the short-term trend. The 4-hour line rebounded after touching the lower Bollinger Band. RSI moved away from the oversold zone with technical recovery but insufficient momentum. Watch support around 89000 and 3050. A break below or test of 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 rebound in prices. Otherwise, be vigilant for the market facing renewed pressure.
Evening Trading Suggestions: Bitcoin long around 89500-89000, target 91500-92500; Ethereum long around 3060-3080, target 3150-3200.
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1.9 BTC/ETH Continued Profit from Long and Short, Can Non-Farm Tonight Break Through the Volatile Market
Bitcoin and Ethereum's recent pull-up traps were repeatedly reminded in the previous days. Starting last night, we reminded pullback and went long. Overall, we could capture decent profits. Currently, the market is in a rebound and oscillation pattern after the decline, with the overall weakness unchanged. Tonight's US non-farm employment report will be a key factor. Bitcoin and Ethereum rebounded after testing 89200 and 3050 respectively last night. Today morning touched highs around 91580 and 3147 before pulling back. Currently oscillating around 90400 and 3090.
On the daily level, it broke through the short-term rising trendline and oscillates between the 5/10-day moving averages. MACD death cross with increasing green columns, with bears dominating the short-term trend. The 4-hour line rebounded after touching the lower Bollinger Band. RSI moved away from the oversold zone with technical recovery but insufficient momentum. Watch support around 89000 and 3050. A break below or test of 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 rebound in prices. Otherwise, be vigilant for the market facing renewed pressure.
Evening Trading Suggestions: Bitcoin long around 89500-89000, target 91500-92500; Ethereum long around 3060-3080, target 3150-3200.