🎈1.10 Market Outlook at Noon.🎈
$BTC Viewpoint:
Tonight at 9:30, important non-farm payroll data will be released. I hope the non-farm data looks good to push Bitcoin up a bit. The previous low of 91500 for Bitcoin was breached, but the closing entity did not close below 91000.
It is supported again; if it tests again, it may not hold. Because the area around 91500 has already been supported 6 times.
Bitcoin broke through 93621 with volume and closed above 93621 on the hourly level, going long on the right side and closing the stop loss.
If it dips back to 92832 and fakes a breakdown, take a light long position. Stop loss at the fake breakdown low; do not go long if there is no recovery action.
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Bitcoin must break and stabilize above 93679 on the hourly level to look towards 94618-95245. If it cannot break through, it will test the support at 91500 again.
If it breaks down with volume below 92832 and cannot recover, go short on the right side and close the stop loss. Pay attention to changes in volume.
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Above Bitcoin, watch for 94736 to appear as a 2b fake breakout, taking a light short position, with a stop loss at the high of the fake breakout.
Conservatives wait for 90879 to go long one position; if it breaks below 90245, stop loss must be applied.
On the 4-hour level, I hope Bitcoin can engulf the bearish candle marked by the yellow box. If it cannot engulf and breaks below 91800, then it will go to the lower range of 90159-88566 to stand guard!
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Upper resistance: 93718-94540-95323
Lower support: 91799-91055-90200
Bitcoin has a potential bat pattern on the hourly level, but I don’t know if it can form. If it does form, short-term risks are relieved.
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$ETH Thought Process:
The second Bitcoin broke through 3249 with volume; go long on the right side and close the stop loss.
3234 broke through with volume; go short on the right side and close the stop loss.
The second Bitcoin tests back to 3200 to confirm support is valid, taking a light long position; stop loss if it breaks below 3166.
The second Bitcoin's hourly level can only see upwards to 3303-3360 if it breaks through 3272.
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3309 allows for a light short position; stop loss if it breaks through 3331.
Left side orders: 3165 long, stop loss if it breaks below 3130.
For the second Bitcoin on the 4-hour level, it is best not to break below 3216; once it breaks, the first abyss is 3165 and the second abyss is 3112.
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Upper resistance: 3279-3333-3378
Lower support: 3209-3185-3156
The exchange rate is also plummeting. If it breaks below 0.034 again, it will continue to test the support at 0.03187.