Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
From a technical analysis perspective, the daily chart has shown a triple top formation. Despite the bulls continuing to increase their volume, the key high points have not been effectively broken. Last night, the market reacted to negative news, with prices dipping to the 109,000 level, where support was found and a rebound occurred. Due to the U.S. stock market closing three hours early, the night market shifted to narrow fluctuations. It is important to note that today coincides with the U.S. Independence Day, and the U.S. stock market will be closed this evening.
Given the technical inertia following yesterday's high, it is expected that today will enter a consolidation phase, with the overall fluctuation range likely remaining in the recent high area. The current market focus is on whether the bulls can effectively break through the key resistance level—successful breakthroughs will open up upward space; conversely, prices may face the risk of a deep correction. In terms of trading strategy, it is recommended to conduct short-term trades within the 108,500-110,500 range, while closely monitoring the breakthrough of key levels and following the trend after a breakout.
Lao Tian has personal matters at home in the past few days and will take three days off! I will also try to update friends on real-time thinking when I have time, hope friends understand.
#非农就业数据来袭
From a technical analysis perspective, the daily chart has shown a triple top formation. Despite the bulls continuing to increase their volume, the key high points have not been effectively broken. Last night, the market reacted to negative news, with prices dipping to the 109,000 level, where support was found and a rebound occurred. Due to the U.S. stock market closing three hours early, the night market shifted to narrow fluctuations. It is important to note that today coincides with the U.S. Independence Day, and the U.S. stock market will be closed this evening.
Given the technical inertia following yesterday's high, it is expected that today will enter a consolidation phase, with the overall fluctuation range likely remaining in the recent high area. The current market focus is on whether the bulls can effectively break through the key resistance level—successful breakthroughs will open up upward space; conversely, prices may face the risk of a deep correction. In terms of trading strategy, it is recommended to conduct short-term trades within the 108,500-110,500 range, while closely monitoring the breakthrough of key levels and following the trend after a breakout.
Lao Tian has personal matters at home in the past few days and will take three days off! I will also try to update friends on real-time thinking when I have time, hope friends understand.
#非农就业数据来袭
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BTC
109,028.07
-0.56%
ETH
2,553.17
-1.52%