#美国非农就业数据未达市场预期 Bitcoin recently has been showing a bit of a "tug-of-war" on the daily chart — both upward and downward movements are being tightly constrained. Trying to push higher, the 92,000 level acts like a large stone blocking the way, with repeated attempts failing to break through; turning downward to find a bottom, the vicinity of 89,600 also strongly resists, forming a classic box-range consolidation.

Looking at the hourly chart, the rebounds are scattered and sporadic, each upward surge quickly gets pushed back down. Especially near 92,000, there's a clear sense of sell orders piling up — a definite "pressure build-up."

The MACD on the hourly level diagnoses this way: the fast line DIF is gradually moving upward but still below the zero line, while the slow line DEA continues downward. The shrinking of the bearish histogram indicates the downward momentum is weakening, but a reversal of the trend is still far off. The bulls need to gather more strength; the upward push lacks real "vitality."

Looking at the daily MACD, the green bars are diminishing, which at least suggests the ongoing suppression is easing. But to completely reverse the trend? We need to wait a bit longer.

Core judgment: The market is stuck in a "clear top and bottom" range, with bulls and bears temporarily evenly matched. Only when someone accumulates enough energy to effectively break through 92,000 or smash below 89,600 can the next move be decided.

**1.10 Trading Ideas:**

**$BTC Trading**
- Short: Enter between 93,100-92,300, stop-loss above 93,700, target 90,700-90,100
- Long: Position between 89,600-90,400, stop-loss below 89,100, target 91,600-92,400

**$ETH Trading**
- Short: Enter at 3,165-3,130, stop-loss above 3,210, target 3,070-3,030
- Long: Start at 3,025-3,065, stop-loss below 3,010, target 3,125-3,165