#密码资产动态追踪 Market Observation on Bitcoin and Ethereum

Bitcoin started to face resistance at 91,700 today, falling back to around 89,600 before stopping. It then rebounded, but is now stuck in a narrow range—a typical "high resistance + low rebound" pattern.

The most critical factor right now is tonight’s US non-farm payrolls data. This data is no joke; it directly determines whether the Federal Reserve will continue to loosen monetary policy. If the data exceeds expectations, market expectations for rate cuts will cool off, and the market could even break below key support levels, opening up more downside space. Conversely, if the data is average, there might be a short-term rebound, but don’t expect it to go too high; overall, the trend remains weak. So tonight, be prepared for extreme volatility with sharp rises and falls after the data release.

From a technical perspective, the hourly Bollinger Bands have clearly diverged—the middle and lower bands are expanding downward, signaling ongoing bearish momentum. Although the upper band is still trending upward, it’s just a resistance level during rebounds and cannot provide effective support. The bottom is continuously consolidating, and the lower band is also moving down, indicating that sellers are still actively pushing prices down, with no signs of easing short-term downward pressure.

Trading Suggestions:
Bitcoin: Short at 91,200-92,000, target 88,700-87,600
Ethereum: Short at 3,140-3,180, target 3,010-2,950