Bitcoin today formed an inverted V-shaped pattern, pushing upward from the 90100 level in the early session, approaching 92500 before being pushed down, then retreating to around 90400 to stabilize by midday. From the candlestick pattern, the bullish momentum on the daily chart has significantly weakened, showing a bearish candle with an upper shadow. The key support to watch is at 89500; the four-hour chart has already broken the middle band with consecutive bearish candles, indicating ongoing bearish momentum, and the hourly chart is also trending downward. Overall, short-term bearish sentiment dominates, and it is recommended to focus on shorting at resistance levels tonight, looking for opportunities to follow during rebounds.
Ethereum's movement is similar, currently oscillating in the 3130-3150 range, with support levels at 3080-3050. $BTC $ETH
From a technical perspective, this correction is mainly influenced by weak non-farm payroll data, with market risk sentiment declining. Short-term, it is necessary to observe whether support levels can hold.
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GasFeeBeggar
· 14h ago
Another non-farm dump, I'm tired of this routine. Can 89,500 hold? Feels uncertain.
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LayerZeroEnjoyer
· 14h ago
It's another non-farm data event causing trouble. If I had known earlier, I wouldn't have chased that upward move... Can 89,500 really hold? It feels like it might continue to grind lower.
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RamenDeFiSurvivor
· 14h ago
It's the non-farm payrolls messing things up again. Looking at this V-shaped recovery, I know I need to prepare for a hit. Can 89,500 really hold? I'm a bit doubtful.
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MerkleTreeHugger
· 14h ago
It's non-farm payrolls again causing trouble. I thought 92,500 would take off, but it was smashed down directly. These bears really come one after another.
#美国非农就业数据未达市场预期 January 12th, Monday evening trend overview:
Bitcoin today formed an inverted V-shaped pattern, pushing upward from the 90100 level in the early session, approaching 92500 before being pushed down, then retreating to around 90400 to stabilize by midday. From the candlestick pattern, the bullish momentum on the daily chart has significantly weakened, showing a bearish candle with an upper shadow. The key support to watch is at 89500; the four-hour chart has already broken the middle band with consecutive bearish candles, indicating ongoing bearish momentum, and the hourly chart is also trending downward. Overall, short-term bearish sentiment dominates, and it is recommended to focus on shorting at resistance levels tonight, looking for opportunities to follow during rebounds.
Ethereum's movement is similar, currently oscillating in the 3130-3150 range, with support levels at 3080-3050. $BTC $ETH
From a technical perspective, this correction is mainly influenced by weak non-farm payroll data, with market risk sentiment declining. Short-term, it is necessary to observe whether support levels can hold.