#美国非农就业数据表现优于预期 Early morning market data observation: BTC is range-bound around 84300, while ETH hovers around the 27651 level. Both bulls and bears are engaging in fierce competition at this critical position.

To be honest, the price has indeed shown improvement after midnight. It has broken through the middle track resistance on the hourly chart, but whether it can truly hold steady still needs observation. However, this at least indicates that the bulls are gathering strength, and even though the overall trend is still in a downward channel, this tenacity is still impressive.
From a technical perspective, there are a few details to note: buying pressure continues to surge in, with each green bar getting thicker, indicating that bullish strength is indeed accumulating. The issue is that both lines are still below the zero axis; although the underwater golden cross pattern has emerged, it will take time to truly turn things around. Additionally, the KD value has shot up into the strong zone, and the J line has directly entered the overbought area—this is a bit awkward. Bulls need to seize the opportunity, or the momentum they've worked hard to build may vanish in an instant.
Looking at the volume, there is a clear issue here: the price is rising, but the trading volume hasn't followed suit. The divergence between price and volume is quite obvious. Therefore, this wave of increase seems more like a technical correction rather than a true trend reversal.
My view is very straightforward: until the overall situation changes, going short with the trend is the right approach. Specific level reference:
BTC: Short positions in the 84500-85000 range, targeting 83500.
ETH: Short near 2770-2800, target 2700
The rebound in the downtrend channel still needs to respect the trend.
$BTC $ETH