Although non-farm payroll data was favorable yesterday, the upward momentum for Bitcoin was still limited. The price surged to 92,000 before turning around and then entered a correction phase. Our previous long positions have already taken profits, and now we are holding a flat position, waiting for a better entry opportunity.
From a technical perspective, the market has entered a narrow range of oscillation, and it is unlikely to see significant volatility in the short term. If the price retraces to the 89,800-90,300 range, it would be a good long entry point, with an upside target of 91,500. However, if it cannot break through the 92,000 resistance level, consider boldly shorting.
On the Ethereum side, the 3,050-3,080 range is a good area for long positions, with a target of 3,150. If it fails to break through effectively, then immediately switch to a short position. The key is whether it can hold above the important support; otherwise, downward pressure will continue to build.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#密码资产动态追踪 $BTC/$ETH Latest Market Review:
Although non-farm payroll data was favorable yesterday, the upward momentum for Bitcoin was still limited. The price surged to 92,000 before turning around and then entered a correction phase. Our previous long positions have already taken profits, and now we are holding a flat position, waiting for a better entry opportunity.
From a technical perspective, the market has entered a narrow range of oscillation, and it is unlikely to see significant volatility in the short term. If the price retraces to the 89,800-90,300 range, it would be a good long entry point, with an upside target of 91,500. However, if it cannot break through the 92,000 resistance level, consider boldly shorting.
On the Ethereum side, the 3,050-3,080 range is a good area for long positions, with a target of 3,150. If it fails to break through effectively, then immediately switch to a short position. The key is whether it can hold above the important support; otherwise, downward pressure will continue to build.