Bitcoin from yesterday evening rose to around 66,300, reaching approximately 67,400, then after the non-farm payroll data was released, the market moved up to around 66,700, reaching near 68,800 before facing resistance and pulling back to around 65,700 for consolidation.
Ethereum rose to around 1,930 in the evening, then climbed to approximately 2,015 before pulling back and consolidating around 1,900.
Overall, the evening market showed a range-bound oscillation with a reverse V-shape, with resistance still present above. Currently, the daily chart shows three consecutive bearish candles with decreasing volume, MACD trending downward, and KDJ gradually forming a death cross heading down. The four-hour chart indicates increasing bearish momentum with downward linear movement and moving averages gradually declining. The hourly Bollinger Bands are trending downward.
Thursday Early Morning:
Market rebound around 67,000-66,500 is short, look towards 65,200-64,700.
Market rebound around 1,935-1,955 is short, look towards 1,885-1,865.
Market volatility is significant; pay attention to risk management and defense. Within the range, profit-taking is advisable.
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2.12 Thursday Early Morning Market Analysis:
Bitcoin from yesterday evening rose to around 66,300, reaching approximately 67,400, then after the non-farm payroll data was released, the market moved up to around 66,700, reaching near 68,800 before facing resistance and pulling back to around 65,700 for consolidation.
Ethereum rose to around 1,930 in the evening, then climbed to approximately 2,015 before pulling back and consolidating around 1,900.
Overall, the evening market showed a range-bound oscillation with a reverse V-shape, with resistance still present above. Currently, the daily chart shows three consecutive bearish candles with decreasing volume, MACD trending downward, and KDJ gradually forming a death cross heading down. The four-hour chart indicates increasing bearish momentum with downward linear movement and moving averages gradually declining. The hourly Bollinger Bands are trending downward.
Thursday Early Morning:
Market rebound around 67,000-66,500 is short, look towards 65,200-64,700.
Market rebound around 1,935-1,955 is short, look towards 1,885-1,865.
Market volatility is significant; pay attention to risk management and defense. Within the range, profit-taking is advisable.