From the market perspective, first look at the Bollinger Bands (the colored track-like indicators in the figure), the price is currently above the middle band of the Bollinger Bands, and the middle band shows signs of turning upwards, which often suggests that there is a certain advantage for short-term bulls, and the price has the possibility of relying on the middle band to move upwards.

Next, look at the moving averages, in the figure, short-term moving averages show an upward trend, and the moving averages provide certain support to the price. When the price retraces near the moving averages, it is likely to receive support and continue to rise.

In addition, in terms of candlestick patterns, there have been relatively more bullish candles recently, and the bodies have certain strength, indicating that the bulls are gradually dominating the market. Considering these factors, from a technical perspective, there is a trend for the market to continue upward in the short term, but it is also important to pay attention to the potential resistance levels above (such as near previous highs). If it can effectively break through the resistance levels later, the upward space may further open up; if there is resistance at the resistance levels, a certain retracement may occur, but as long as the support from the middle band and moving averages is effective, the overall bullish pattern is likely to be maintained. #非农数据 #ETH