Yue Ying: Bitcoin and Ethereum Market Analysis for Today - Another Delay in Non-Farm Payrolls, Are the Waves Getting Bigger and the Fish More Expensive?

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Bitcoin Technical Analysis ————

Bitcoin daily chart shows the previous candle continued to close bearish, opening session extended downward testing the 70,000 level. The Bollinger Bands remain expanding, with short-term moving averages trending downward. The MACD fast and slow lines are extending downward, with increasing histogram bars. The KDJ is moving downward again, watch for support near the 0 level. The VR indicator is consolidating around 70.

On the 4-hour chart, yesterday’s price was resisted around the 7-day moving average, forming a series of bearish candles testing downward, breaking below the lower band. Currently trading below that. The Bollinger Bands are contracting downward again, with short-term moving averages trending downward. The MACD is turning downward with a crossover, histogram turning green and expanding. The KDJ is near the 0 level, showing signs of turning upward. The VR indicator is consolidating around 60.

Overall, the rebound strength is limited, and the market continues to slowly decline, repeatedly hitting new lows (this was also anticipated earlier). If the short-term rebound cannot break and stabilize above the 7-day moving average on the 4-hour chart, a faster decline may follow after the slow drop. So, try to observe more and act less for now. Expecting a rebound to short, but if the rebound lacks strength and the support at the lows keeps being broken, it increases the difficulty of short-term trading strategies. Focus on flexible entries based on market changes. Watch for a false break below 70,000 with a spike, and note resistance around the 7-day moving average on the 4-hour chart. Short-term advice.

Bitcoin Short-term Strategy: Long #BTC 68,600, Short #ETH 73,700 (Activate strategy for profit at your own discretion)

Yitai Technical Analysis ————

Yitai’s technical outlook is linked to Bitcoin’s, maintaining the same approach. Focus on two levels: the 4-hour 7 moving average and the middle band. Below, wait for a false break below 2000 with a spike for a rebound. Additionally, this week’s key data, the non-farm payrolls, originally scheduled for Friday, has been postponed again due to a shutdown. With ETF outflows continuing and institutions possibly selling off again, market uncertainty has increased. A rapid bottoming out and further decline may occur. For today, follow the above ideas and avoid impulsive actions. Although the market is volatile and opportunities are abundant, risks are equally high. Short-term advice.

Yitai Short-term Strategy: Short 2180, Short 2250, Long 1988 (Activate strategy for profit at your own discretion)

—I am Zhou Yueying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to exchange ideas and learn together! Let’s share insights and profit together!