On the hourly chart, the bullish pattern is still intact. After a significant breakout, the price has been oscillating back and forth at high levels, which is normal shakeout after a rally—don't mistake it for a reversal. The upper boundary of the bullish channel remains strong, and the short-term moving averages are also trending upward. During pullbacks, focus on the resonance and support between the moving averages and the midline. The MACD remains bullish with a golden cross above the zero line, and the red histogram bars are shrinking. This contraction indicates a healthy correction—volume increases during upward moves and decreases during adjustments, which is characteristic of a strong trend. Last night’s movement was very good, fully in line with expectations.
Short-term positions: For Bitcoin, the current support zone is between 94,500 and 95,000, with the target above at around 96,100-96,900. For Ethereum, the support line is at 3,280-3,300, and a breakout above could target 3,350-3,380. US non-farm payroll data was below expectations, but the bullish momentum remains quite steady.
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#美国非农就业数据未达市场预期 Wednesday, January 14 Market Quick Notes:
On the hourly chart, the bullish pattern is still intact. After a significant breakout, the price has been oscillating back and forth at high levels, which is normal shakeout after a rally—don't mistake it for a reversal. The upper boundary of the bullish channel remains strong, and the short-term moving averages are also trending upward. During pullbacks, focus on the resonance and support between the moving averages and the midline. The MACD remains bullish with a golden cross above the zero line, and the red histogram bars are shrinking. This contraction indicates a healthy correction—volume increases during upward moves and decreases during adjustments, which is characteristic of a strong trend. Last night’s movement was very good, fully in line with expectations.
Short-term positions:
For Bitcoin, the current support zone is between 94,500 and 95,000, with the target above at around 96,100-96,900. For Ethereum, the support line is at 3,280-3,300, and a breakout above could target 3,350-3,380. US non-farm payroll data was below expectations, but the bullish momentum remains quite steady.