US "ADP Nonfarm" employment figures recorded a negative value, missing expectations
US November ADP employment decreased by 32,000, the lowest level since March 2023, while the market expected an increase of 10,000.
From the current market perspective, on the 4-hour chart, BTC tested the 93,900 level and met resistance, pulling back with two consecutive bearish candles and stabilizing around 92,800. The Bollinger Bands are still widening, indicating no significant short-term trend change. The MACD fast and slow lines are below the zero axis and continue to turn upward, with green bars showing sustained volume, suggesting the short-term trend is still dominated by bulls. On the 1-hour chart, the Bollinger Bands are converging, and all three bands are still pointing upward, with short-term volatility decreasing and signs of entering a consolidation range. After facing resistance in the afternoon, BTC entered a slow pullback phase, but this correction does not indicate a reversal, as bullish momentum has not been fully released. The slow pullback serves as preparation for the next breakout. Therefore, the evening trading strategy is still to focus on buying the dips.
Go long on BTC near 93,000, target 94,000. Go long on ETH near 3,080, target 3,120. #成长值抽奖赢iPhone17和周边
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US "ADP Nonfarm" employment figures recorded a negative value, missing expectations
US November ADP employment decreased by 32,000, the lowest level since March 2023, while the market expected an increase of 10,000.
From the current market perspective, on the 4-hour chart, BTC tested the 93,900 level and met resistance, pulling back with two consecutive bearish candles and stabilizing around 92,800. The Bollinger Bands are still widening, indicating no significant short-term trend change. The MACD fast and slow lines are below the zero axis and continue to turn upward, with green bars showing sustained volume, suggesting the short-term trend is still dominated by bulls. On the 1-hour chart, the Bollinger Bands are converging, and all three bands are still pointing upward, with short-term volatility decreasing and signs of entering a consolidation range. After facing resistance in the afternoon, BTC entered a slow pullback phase, but this correction does not indicate a reversal, as bullish momentum has not been fully released. The slow pullback serves as preparation for the next breakout. Therefore, the evening trading strategy is still to focus on buying the dips.
Go long on BTC near 93,000, target 94,000.
Go long on ETH near 3,080, target 3,120. #成长值抽奖赢iPhone17和周边