Morning Strategy

Last night, I mentioned that Bitcoin and Ethereum would rise a bit before falling back, but they only increased slightly. This market is really too weak. However, the overall direction is within our expectations.

The news front is relatively calm.

From a technical perspective, Bitcoin's daily K-line KDJ continues to decline, and MACD has formed a death cross, indicating that it will fall back further.

In the four-hour trend, KDJ has turned around to form a golden cross, and MACD shows signs of stabilization. After such a significant pullback last night, a rebound is quite normal, but the key point is whether it can change the trend of the daily K-line.

Today, we focus on two aspects: first, the non-farm payroll data; second, the performance of the US stock market.

Ethereum's trend is similar to Bitcoin's.

For Bitcoin, we see resistance at 94,000 and support at 90,000.

For Ethereum, we see resistance at 3,350 and support at 3,100.