Recently, the US non-farm payroll data has underperformed expectations, causing market sentiment to fluctuate. Today, the focus is on the technical trends of Bitcoin and Ethereum.
**Several observations about BTC:**
From the 1-2 hour timeframe, although both are rebounding, the rebound strength is limited. What does this mean? If Bitcoin can hold above the key level of 90752.8 on the 4-hour chart, a smaller timeframe may have the chance to initiate a genuine rebound. Once a breakout upwards is confirmed, keep an eye on the three resistance zones above: 90969.1, 91302.6, and around 91609.1.
Conversely, if today’s close remains below 90752.8, the small timeframe rebound might be just a fleeting moment. In this case, support levels to watch below are around 90302.1, 89956.7, and 89644.1.
**Ethereum’s momentum:**
Ethereum’s movement is relatively independent. The key is whether it can break through the 3098.31 level. If it does, resistance levels at 3133.30, 3170.67, and 3202.48 are waiting above.
If the rebound is insufficient to break through 3098.31, the 1-2 hour timeframe may enter a new round of correction. Support levels to focus on then are around 3060.93, 3021.97, and 2984.59.
In the context of weak trade data, the technical performance of these two cryptocurrencies warrants ongoing monitoring.
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ZKProofEnthusiast
· 01-10 14:30
Another market like this, the rebound is as slow as squeezing toothpaste, it's not interesting at all.
Waiting to see if Bitcoin can hold at 90752.8, otherwise it's really just a routine.
Ethereum at 3098 is also a hurdle; if it can't break through, it will continue to fall.
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MemeTokenGenius
· 01-10 12:59
At the 90752.8 level, it feels like we might have to test it several times again. Do you really think the non-farm payroll data is bad enough to break through directly? That's overly optimistic.
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shadowy_supercoder
· 01-10 12:57
90752.8 Is this level really that critical? It feels like every time it's called a key point, it gets broken.
Bitcoin's rebound strength is indeed very weak. As soon as non-farm payrolls data comes out, the market behaves like this.
If 3098 doesn't break through, Ethereum is done. I'm tired of this logic.
Getting stuck, always getting stuck at the critical points, it's hilarious.
Trying to rebound amid weak non-farm payroll data—dream on, haha.
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¯\_(ツ)_/¯
· 01-10 12:38
The rebound is weak; it still depends on whether Bitcoin can hold at 9075.
If it gets stuck below, it will just keep falling, which is pointless.
Ethereum needs to break through 3098; otherwise, it will continue to fluctuate.
This market is really boring to death.
The big data is a letdown; nothing is useful.
Recently, the US non-farm payroll data has underperformed expectations, causing market sentiment to fluctuate. Today, the focus is on the technical trends of Bitcoin and Ethereum.
**Several observations about BTC:**
From the 1-2 hour timeframe, although both are rebounding, the rebound strength is limited. What does this mean? If Bitcoin can hold above the key level of 90752.8 on the 4-hour chart, a smaller timeframe may have the chance to initiate a genuine rebound. Once a breakout upwards is confirmed, keep an eye on the three resistance zones above: 90969.1, 91302.6, and around 91609.1.
Conversely, if today’s close remains below 90752.8, the small timeframe rebound might be just a fleeting moment. In this case, support levels to watch below are around 90302.1, 89956.7, and 89644.1.
**Ethereum’s momentum:**
Ethereum’s movement is relatively independent. The key is whether it can break through the 3098.31 level. If it does, resistance levels at 3133.30, 3170.67, and 3202.48 are waiting above.
If the rebound is insufficient to break through 3098.31, the 1-2 hour timeframe may enter a new round of correction. Support levels to focus on then are around 3060.93, 3021.97, and 2984.59.
In the context of weak trade data, the technical performance of these two cryptocurrencies warrants ongoing monitoring.