Looking at the four-hour chart, the price repeatedly hits resistance at the upper band, and the previous rally momentum has been broken by the bears. The upper Bollinger Band is providing significant pressure, and the bulls are struggling to hold. Switching to the one-hour chart, the situation is even clearer—prices start to turn down before reaching the upper band, with rebounds followed by declines. This rhythm indicates that selling pressure has accumulated quite a bit, and the upward momentum is gradually weakening. Therefore, in the short term, this bullish-supported scenario may not last long.
Based on this judgment, it is recommended to follow the evening strategy: wait for a rebound below resistance levels and then establish short positions.
Specific operations:
BTC: Short in the 88500-89000 range, with targets at 87500-86000. $ETH: Short in the 2990-3040 range, with targets at 2890-2750.
The better-than-expected US non-farm payroll data continues to influence market momentum, and short-term volatility may persist.
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Friday Night Market Observation:
Looking at the four-hour chart, the price repeatedly hits resistance at the upper band, and the previous rally momentum has been broken by the bears. The upper Bollinger Band is providing significant pressure, and the bulls are struggling to hold. Switching to the one-hour chart, the situation is even clearer—prices start to turn down before reaching the upper band, with rebounds followed by declines. This rhythm indicates that selling pressure has accumulated quite a bit, and the upward momentum is gradually weakening. Therefore, in the short term, this bullish-supported scenario may not last long.
Based on this judgment, it is recommended to follow the evening strategy: wait for a rebound below resistance levels and then establish short positions.
Specific operations:
BTC: Short in the 88500-89000 range, with targets at 87500-86000.
$ETH: Short in the 2990-3040 range, with targets at 2890-2750.
The better-than-expected US non-farm payroll data continues to influence market momentum, and short-term volatility may persist.