The non-farm payroll data this time was indeed a false alarm. $BTC has been fluctuating for most of the day, actually only moving about 2000 points up and down. It seemed like a big move, but in the end, it just reversed. To be honest, yesterday we already set a long position around 90,000, and tonight it hit our expected target as planned, which shows that the technical analysis framework is reliable.
In the short term, Bitcoin still has room to go higher, but there’s a high probability of a pullback within the 89,000 to 90,000 range. This isn’t a bad thing; rather, it’s healthy consolidation. As long as support holds, the overall pattern of oscillating upward is no problem. The upcoming rhythm is clear: buy on dips and let the support levels give us confidence.
Let’s analyze from a technical perspective: on the daily chart, $BTC is a typical oscillating consolidation. The 92,000 level is a significant resistance, and the support at 89,600 is reliable. On the hourly chart, it gets interesting. Although there are signs of a short-term rebound, the selling pressure around 92,000 is quite fierce.
Looking at indicators: on the hourly MACD, the DIF moving upward is a good sign, but it’s still oscillating in the negative zone. The DEA continues downward, and the red histogram is shrinking, indicating that the rebound strength isn’t strong enough yet. Comparing with the daily MACD, the green histogram is narrowing, and the bearish momentum is clearly weakening. The RSI on the hourly chart is at 57, approaching overbought territory but not yet establishing a clear trend. The daily RSI is steady at a neutral 50, reflecting a cautious market sentiment at this moment.
The moving average system also confirms this point. The hourly 7EMA has crossed above the 30EMA, indicating a short-term rebound possibility, but the 120EMA is still pressing down from above, showing that the resistance is still strong. The daily moving averages are arranged in a bullish order, and the long-term trend remains relatively strong.
Trading suggestion: $BTC can gradually build long positions between 88,900 and 89,900, targeting the 91,500-92,500 range. For $ETH, consider positioning around 3,010-3,050, aiming for 3,130-3,170.
This wave of non-farm payroll data actually verified the market’s short-term fragility, but in the long run, the bullish logic remains intact.
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#MSCI未排除数字资产财库企业纳入范围 January 10 Evening Market Observation
The non-farm payroll data this time was indeed a false alarm. $BTC has been fluctuating for most of the day, actually only moving about 2000 points up and down. It seemed like a big move, but in the end, it just reversed. To be honest, yesterday we already set a long position around 90,000, and tonight it hit our expected target as planned, which shows that the technical analysis framework is reliable.
In the short term, Bitcoin still has room to go higher, but there’s a high probability of a pullback within the 89,000 to 90,000 range. This isn’t a bad thing; rather, it’s healthy consolidation. As long as support holds, the overall pattern of oscillating upward is no problem. The upcoming rhythm is clear: buy on dips and let the support levels give us confidence.
Let’s analyze from a technical perspective: on the daily chart, $BTC is a typical oscillating consolidation. The 92,000 level is a significant resistance, and the support at 89,600 is reliable. On the hourly chart, it gets interesting. Although there are signs of a short-term rebound, the selling pressure around 92,000 is quite fierce.
Looking at indicators: on the hourly MACD, the DIF moving upward is a good sign, but it’s still oscillating in the negative zone. The DEA continues downward, and the red histogram is shrinking, indicating that the rebound strength isn’t strong enough yet. Comparing with the daily MACD, the green histogram is narrowing, and the bearish momentum is clearly weakening. The RSI on the hourly chart is at 57, approaching overbought territory but not yet establishing a clear trend. The daily RSI is steady at a neutral 50, reflecting a cautious market sentiment at this moment.
The moving average system also confirms this point. The hourly 7EMA has crossed above the 30EMA, indicating a short-term rebound possibility, but the 120EMA is still pressing down from above, showing that the resistance is still strong. The daily moving averages are arranged in a bullish order, and the long-term trend remains relatively strong.
Trading suggestion: $BTC can gradually build long positions between 88,900 and 89,900, targeting the 91,500-92,500 range. For $ETH, consider positioning around 3,010-3,050, aiming for 3,130-3,170.
This wave of non-farm payroll data actually verified the market’s short-term fragility, but in the long run, the bullish logic remains intact.