#BTC #ETH #PEPE

Track the real-time hotspots in the cryptocurrency industry and seize the best trading opportunities. Today is Saturday, January 11, 2025. I am Wang Yibo! Good morning, cryptocurrency enthusiasts ☀ Iron fans check in 👍 Like and make a fortune 🍗🍗🌹🌹
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The report released on Friday showed that the number of non-farm jobs in the United States increased by 256,000 in December last year, far exceeding the expected 160,000. The data for the previous two months was slightly revised downwards. Employment accelerated in December last year, and the unemployment rate unexpectedly declined, marking the end of another year of resilience in the labor market, but at the same time supporting the reason for the Fed to slow down the pace of interest rate cuts. After the data was released, spot gold briefly fell nearly $15, but then quickly recovered all lost ground; the US dollar index rose by more than 50 points in the short term, and has since retraced slightly; global bond markets saw selling, with yields on US Treasuries rising, the 2-year Treasury yield rising to 4.36%, the 10-year Treasury yield rising to 4.77%, and the 30-year Treasury yield rising to over 5%. Following the shocking non-farm employment data, investors will now turn their attention to the December CPI data scheduled to be released next Wednesday. It is currently expected that the Fed will only cut interest rates once in 2025, at the earliest in June.
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The overall trend of Bitcoin continues to be characterized by a bottoming out with a tug of war, without significant unilateral movements. It slowly rose in the morning, but faced resistance and pulled back after reaching the 95200 region. In the evening, it fell back to the 92000 region due to the impact of news. In the early morning, it rose again to the 96000 level before falling back. Currently, it is trading around the 94800 region. The daily trend is still in a weak structure, with a short-term rebound but not yet showing continuity. The daily chart showed a positive close after three consecutive bearish movements, but the strength of the current rebound has not changed the weak structure. Looking at the 4-hour chart, although the short-term trend is relatively strong, there is no significant downward space from a technical perspective, and there may still be technical pressure risks. The hourly chart has already shown a bottoming out divergence signal, indicating the risk of a pressure retracement in the short term. In the short term, there is a higher possibility of choosing oscillation to digest, which can confirm the effectiveness of the upper resistance and slow down the pace of decline. Whether the later market will decline again will require further adjustments based on the actual impact of market fundamentals on the market.
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Ethereum has become weak again, and after falling below 3300, it has been struggling. The rebound is too weak and there is no significant volume. Yesterday, it rebounded twice around 3320 but fell back under pressure. Looking at the weekend market, the range of yesterday's shock was too much, and the bottom support level is still long. Pay attention to going long around 3200 and see if the rebound can continue. If the resistance at 3550 cannot be stabilized or broken, consider going short. A breakthrough will also have room for continuation of short positions!