Technical Analysis: Bitcoin (BTC)

Yesterday's analysis pointed out that the 106 position constitutes key resistance, and during the US market session, the price rose to that area before falling back under pressure.

Affected by recent weak macroeconomic data (ADP employment, inflation, and non-farm payrolls), market risk aversion has increased (gold has strengthened), coupled with a chain liquidation effect caused by high-leverage trading and regulatory uncertainty aggravating market panic, resulting in a deep pullback at the end of the US market.

The daily chart shows a high-to-low bearish candlestick pattern, losing the 30-day moving average (lifeline) and the recent key support at the 103 mark, while the 7-day moving average continues to decline. In the early morning session, the price quickly dipped to around the psychological level of 100, confirming a short-term bearish trend, with effective support to reference at the 95 level.

The 4-hour chart shows that after the US market's high-to-low move, there was a volume drop in the early morning, and currently, it is temporarily supported at the 100 mark. The intraday strategy suggests going short after a rebound, with upper resistance focusing on the 102-103 range and lower support focusing on the 98-99 range.

Ethereum (ETH):

The daily chart closed with a solid bearish candlestick, and in the early morning, it broke below the upper boundary of the range from early this month (2480-2540) and accelerated downward.

The current daily chart shows a large bearish candlestick breaking below the 30-day moving average (lifeline), with short-term support moving down to around 2280. If this level is lost, it could open up greater downward space, and the market may need a longer time to recover.

The 4-hour chart shows a breakout drop in volume, and currently, it is temporarily halting its decline at the 2400 mark, with technical formations already indicating a breakout signal.

The intraday operation suggests going short at an opportune moment after a rebound, with upper resistance focusing on the 2450-2480 range and lower support focusing on the 2350-2380 range.#特朗普马斯克分歧 #美国初请失业金人数