#美国非农就业数据未达市场预期 Weekend Bitcoin and Ethereum Technical Quick Scan
As mentioned in yesterday's live broadcast, a wave of selling was definitely coming overnight, with a rebound followed by a key level resistance and then a further decline—this market behavior fully confirmed this idea. Brothers who followed along, give a 1 in the comments.
Currently, Bitcoin is stuck around the 90,400 level. Although there was a brief surge after the non-farm payrolls report last night, the rebound momentum was weak, and it immediately pulled back. From the 1-hour K-line chart, the price has already fallen below the entire EMA5 to EMA250 moving average band, indicating that the bears are in full control of the market. The MACD histogram is expanding, with DIF (-98) still below DEA (-63), and the histogram value at -70. A death cross is forming quickly, showing that the bearish momentum is significantly stronger. The Bollinger Bands show the price moving back and forth around the middle to lower band; the downside space has not been fully released yet, but it hasn't entered an extreme oversold stage. The RSI indicator is interesting: RSI1 reads 38, RSI2 is 43, both in the lower middle range, still above the oversold line (below 30), indicating that the downward momentum isn't very strong, and the price is likely to test yesterday’s lows again. The KDJ lines have already formed a death cross downward, with K at 33 below D at 42, and J stuck at a very low 13. In the short term, the bears are in the lead, but we should also watch out for a potential rebound after oversold conditions.
Trading ideas:
Bitcoin can be shorted in the 90600-91200 range, targeting 89500.
Ethereum can be shorted in the 3090-3110 area, with support at 3030 below.