Yesterday's non-farm payroll data indeed released positive signals. Bitcoin surged to 92,000 but failed to hold, then quickly retreated into a correction. Our long positions were taken profit of in a timely manner at high levels, now we just need to patiently wait for better opportunities.



From a technical perspective, Bitcoin has entered a narrow range of oscillation, with low probability of large fluctuations in the short term. If it retraces to the support zone of 89,800-90,300, we can consider entering long positions with a target of 91,500. But if the momentum is insufficient to break through 92,000, then switch directly to short positions, as the risk-reward ratio in such cases will be clearer.

The approach for Ethereum is similar. Setting up long positions around 3050-3080 is more stable, with a target of 3150. If the breakout fails, flexibly switch to short positions. Now, it’s important to adjust strategies based on the performance of support and resistance levels, without rushing to act.
BTC0,13%
ETH1%
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TokenToastervip
· 01-10 08:51
92,000 can't break through, this is quite awkward. It seems like it will fluctuate for a while again.
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quietly_stakingvip
· 01-10 08:44
92,000 didn't hold steady, now we really have to wait for the bottom before rising again.
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GateUser-ccc36bc5vip
· 01-10 08:42
It's a bit unfortunate not to hold this wave at 92,000, but taking profits in time is also okay. Breaking through 92,000 is too difficult; I feel like we might need to go short afterward. Is the 3,150 target feasible? I feel like it might just be a fake-out. Wait, wait, this kind of pattern is the most frustrating. The 89,800 level really needs to be watched carefully; don't rush in and get slapped in the face.
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GateUser-7b078580vip
· 01-10 08:26
Data shows that 92,000 is just an inflated figure; miners are taking too much, but we still need to wait a bit longer for this wave. 89,800 is the real support... Hourly statistics confirm that it can't stand firm.
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