Last night, Bitcoin first gave the signal to buy in the range of 90,000-88,000, and has since strongly rebounded by 7,400 points.
After building long positions in the 3,000-2,900 area, Ethereum also rebounded by over 300 points.
After breaking below the neckline, Bitcoin quickly recovered lost ground, returning above the neckline with a significant rebound, highlighting the buying power. This phenomenon aligns with the spring effect in volume-price analysis and is a typical bullish pattern in a bull market.
The strong rebound following extreme selling indicates that a new round of upward movement may be just around the corner! #市场反弹预测 $BTC $ETH
The profits from the large pancake and the second pancake, whether this wave of the market will show a reversal is still too early to say. If there are profits, then take them; you can also consider the layout #比特币价格走势分析 #加密市场回调 $BTC $ETH
This week's emotions tend to adjust somewhat, however, this wave of decline is expected to come to an end this week.
In a bull market, the main approach should still be to do what a bull market does, the opportunity to earn big money only exists in a bear market with exhausted liquidity, while the big losses occur in a bull market filled with greed.
Fearful of weakness, when everyone lacks confidence, you should believe in hope. This week, seize the opportunities brought by market fluctuations, buy the dip for Bitcoin at 90000-88000, and buy the dip for Ether at 3000-2950! #比特币价格走势分析 $BTC $ETH
This week, Bitcoin has shown a significant rise followed by a sharp decline, with the price once dipping to 91200. From the daily chart, three consecutive solid bearish candles have formed, indicating a significant downtrend with no signs of reversal yet. The 90000 level is precarious, and it is expected that the upward and downward trend will continue today.
Even though non-farm payroll data may trigger a significant rebound in Bitcoin, we still do not believe that the market will reverse tonight based on the overall trend.
On Friday evening, Bitcoin is set to rebound at 96500-97000 for a short position, targeting 92000-90000.
Ethereum is set to rebound at 3430-3460 for a short position, targeting 3200-3100! #美国非农数据即将公布 $BTC $ETH
The first non-agricultural data of the new year will be released tonight, with an expected value of only 160,000, which is significantly lower than the previous value of 227,000, and the unemployment rate is stable at 4.2%. At this moment, the market seems calm, but in fact, there are undercurrents. All parties are waiting for the impact of non-agricultural data. This calm is about to be broken and new waves are about to surge.
Not only that, this month there is also the major event of Trump's official inauguration. Its landing will inevitably trigger a chain reaction in the market and bring unprecedented changes in the pattern.
However, in my personal opinion, although the market is full of expectations, non-agricultural data may not be a major positive for Bitcoin, and the possibility of Bitcoin taking the opportunity to break through is also slim. Yesterday's low-level long position is just a high-altitude low-multiple operation idea based on the oscillating pattern.
From the perspective of technical analysis, the 96,000-97,000 area of Bitcoin constitutes a solid technical pressure level, and the upper 98,000 is even more strong. Although the current market has a certain degree of strength, there is insufficient momentum for continued sharp rise. Therefore, if it rebounds to the 96000-97000 range, you can boldly short it; if the price drops first in the evening, you can also choose to go long near the support level of 91500-90500.
#比特币价格走势分析 Pay attention to the profits from the multiple positions received on the big pancake and second pancake; it's not necessary to take profit at the points I provided.
$ETH #加密市场回调 At the early morning of January 10, friends who are still awake should pay attention. The price is expected to be long around 3160-3200, with a target of 3350-3400.