The intraday movement of Bitcoin has corrected as expected, encountering resistance after climbing to the 100,000 mark, currently hovering around 96,500, with a peak at 96,850 and a low at 95,714 during midday. Both sides continue to hold their ground without strength. We are not holding back on shorting Bitcoin and Ethereum around 96,610 and 2,627, waiting to exit when it drops to 96,072 and 2,598, with shorts yielding 538 and 29 points. Fei Ge is still around every day, and for those confused about entry points, feel free to follow me here; perhaps this choice will open another door for your future life.
Currently, there is not much analysis on the small cycle of the market, as the market is slowing down and facing a consolidation mindset. Looking at the larger cycle, confirming the major direction, the weekly chart is in a consolidation phase, with the downward movement still at the mid-track, which needs to recover. After the KDJ three lines bottomed out, a bounce is also needed to adjust the market. Now that we have reached the weekend, if there is no big wave, the trend next week is likely to continue a downward rhythm. The daily K-line also shows a clear trend of correction, so pay attention to whether the two days of consolidation can build momentum for the bulls to break the bottom and operate around the lower track. There are opportunities for both long and short positions in short-term operations; a little strength can secure profits.
Long Bitcoin at 95,500-96,000, looking at around 97,000. Long Ethereum at 2,600-2,630, looking at around 2,670. #非农就业数据来袭 #比特币后市 #以太坊暴涨 #币圈暴富