#以太坊行情技术解读 On the eve of Non-Farm Payrolls, can $BTC reverse its downward trend?

Tonight's US Non-Farm Payrolls release has caused noticeable market sentiment fluctuations, and Bitcoin has experienced a short-term rebound. However, from a technical perspective, although the daily MACD remains in a bullish shrinking trend, the KDJ and TD indicators show signs of weakness. The three moving averages (5-day, 10-day, 30-day) forming the resistance zone are still applying pressure in the 88,600–90,000 range, indicating insufficient rebound momentum.

The key question is: Can the price hold above the MA5 daily moving average? Currently, this seems quite difficult. If it falls below 88,600, Bitcoin will test lower levels again, with attention turning to the strength of the 84,000 support line. If the 90,000 level cannot be effectively broken, a reversal is unlikely.

The 4-hour chart has recently formed three consecutive bullish candles, which sounds promising, but the MACD is still weak below the zero line. Rebounds have repeatedly been suppressed at the middle band of the Bollinger Bands, with highs gradually declining—this clearly signals that oscillating downward is the main tone. Combined with the hourly chart, the main movement in the early morning is a slight oscillation and rebound, followed by continued downward movement. The bottom support is at 85,000–84,000.

**Trading idea**: Focus on short-term swings; chasing highs is less favorable than trading rebounds. Consider short positions in the 88,300–88,800 range, targeting 86,000–85,000, with a stop-loss at 99,200. Long opportunities are at the 85,000–84,000 level.

Ethereum generally moves in sync with Bitcoin but with slightly weaker heat and liquidity, so the rebound space is limited. Resistance above is at 3,020–3,050; if it cannot break through, there isn't much room for upward movement. Support below is at 2,870–2,830. The short-term strategy is similar to BTC, mainly swing trading.

**ETH trading plan**: Short in the 2,975–3,015 range, targeting 2,920–2,870, with a stop-loss at 3,035. Long at the 2,850 level.

The market will continue to evolve; stay tuned for updates.