Yue Ying: Bitcoin and Ethereum Market Analysis for 2.11 - Will the Downtrend Continue After the Non-Farm Payrolls Shakeout? I am Zhou Yue Ying. If you enjoy the article, please follow me. Let’s see today’s insights! Bitcoin Technical Analysis ———— Bitcoin daily chart shows that the previous K-line continues to face resistance around the 7-day moving average. The market opened lower today, testing downward. The Bollinger Bands are widening, with the short-term moving average trending downward. The MACD fast and slow lines have turned downward again, with decreasing histogram bars. The KDJ is near the 60 level, facing resistance and turning downward. The VR indicator is consolidating around the 50 level. The 4-hour K-line is forming an arc pattern, currently testing support near the lower band. The Bollinger Bands are narrowing then beginning to widen, with the short-term moving average turning downward. The MACD lines are crossing downward, with the histogram turning green and increasing. The KDJ is supported near the 0 level and turning upward. The VR indicator is consolidating around the 100 level. Overall, the market shows a weakening trend after resistance, with signs of testing lower lows again. Tonight, the previously delayed non-farm payroll data will be released, which may cause short-term volatility and shakeouts. Watch the resistance around 70,000-71,000 and support around 64,000. Short-term trading is recommended. Bitcoin Short-term Strategy: Short at 695, Long at 648 (activate strategies with profit, trade at your own risk) Yitai Technical Analysis ———— Yitai K-line and daily and 4-hour technicals are linked to Bitcoin for reference. In the short term, continue to watch resistance around 2100, with support near 1830. Use support and resistance levels for entry points. Be cautious of news volatility and manage risk accordingly. Short-term trading advice. Yitai Short-term Strategy: Short at 2058, Long at 1888 (activate strategies with profit, trade at your own risk) — I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to discuss and learn with me! Let’s share insights and profit together! #BTC #ETH