The surge early this morning reached 91200 before starting to face resistance. This high point's resistance characteristics are very clear; short-term resistance is now in front of us. The bulls' momentum is somewhat weak at this moment, and market sell-offs are gradually being released. From the daily chart, after the previous correction, trading volume has not kept up, making it impossible to support a breakout, resulting in a sideways tug-of-war. The price repeatedly oscillates around the upper band of the Bollinger Bands. The key support at 89000 has not been truly broken during the recent dips, indicating that there is still some buying strength below. But don't get too optimistic about the upside; resistance above is very tight, and a valid breakout has not been formed. The bulls and bears are stalemated, and it's still unclear who will prevail. In the short term, selling pressure above still exists, and the Bollinger Bands are still converging. Intraday trading strategy: mainly shorting at high levels. Reference data: • $BTC: Focus on bears in the 91000-91500 range, with support around 89000 • $ETH: Focus on bears in the 3130-3150 range, with support around 3070
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#美国非农就业数据未达市场预期 【Midday Market Observation】$BTC $ETH Technical Analysis Scan
The surge early this morning reached 91200 before starting to face resistance. This high point's resistance characteristics are very clear; short-term resistance is now in front of us. The bulls' momentum is somewhat weak at this moment, and market sell-offs are gradually being released.
From the daily chart, after the previous correction, trading volume has not kept up, making it impossible to support a breakout, resulting in a sideways tug-of-war. The price repeatedly oscillates around the upper band of the Bollinger Bands. The key support at 89000 has not been truly broken during the recent dips, indicating that there is still some buying strength below. But don't get too optimistic about the upside; resistance above is very tight, and a valid breakout has not been formed. The bulls and bears are stalemated, and it's still unclear who will prevail.
In the short term, selling pressure above still exists, and the Bollinger Bands are still converging. Intraday trading strategy: mainly shorting at high levels.
Reference data:
• $BTC: Focus on bears in the 91000-91500 range, with support around 89000
• $ETH: Focus on bears in the 3130-3150 range, with support around 3070