Daily K-line Trend Analysis: Bitcoin closed yesterday with a large bullish candlestick, with increased buying volume, completely engulfing the previous bearish pullback signal. The trading volume was also higher, indicating the end of the pullback. The daily technical level has confirmed the end of Wave 4 pullback at 0.382, currently entering the Wave 5 upward phase, with a high probability of breaking the historical high. The 4-hour level has formed a bullish arrangement, and the hourly level has maintained a bullish arrangement. It was originally suitable for chasing longs, but due to the non-farm payroll data release at 20:30 tonight, the risk of chasing longs is too high. #非农就业数据 #比特币走势分析
ETH Ethereum's technical formation is missing, making it impossible to operate in the 2,600-2,800 range. Today, we will temporarily not focus on this and wait for clearer signals. #以太坊走势观察
Previous Review: Yesterday, a small short position at 108,300 had no feedback at all, directly stopped out with a small loss of 500 points, which meets risk control expectations. Bitcoin bottomed at 105,300: currently holding 0.25, with a floating profit of over 1,000 points. Ethereum bottomed at 2,113: currently holding 25% position, performing excellently.
BTC Resistance Level 1: 112,200 (Wave 5 0.786 position + 1.13 false breakout overlap, stop loss on closing breakout)
BTC Resistance Level 2: 114,000 (Wave 5 100% position + bearish butterfly + historical high point 1.13 breakout + daily bearish shark multiple overlaps)
BTC Support Level: 107,000 (Daily bullish candlestick median line + 4-hour EMA60 overlap, non-farm payroll pullback entry position)$BTC
Ethereum: Today, we will temporarily not focus on this and wait for clearer signals.
For more detailed point analysis, please watch today's market analysis video, which includes detailed explanations. Follow along with Aleng to study K-lines, and we will meet at the peak together! Follow closely to avoid getting lost and get daily updates on the latest point interpretations!