Analysis of Bitcoin market on Friday night, 1.10

The market in the afternoon continued the upward exploration trend of the bulls in the morning, and continued to rise all the way until it reached a high of 95239 and came under pressure. In this process, there was a rather powerful rebound and recovery, which improved the market situation. The market is currently in a stage of sideways fluctuations, and the long and short sides have once again entered a temporary stalemate. The trend of the aunt is in sync with the big pie, and has also experienced the bulls' upward attack and subsequent consolidation.

On the four-hour chart, after another bottom, the rebound clearly shows the need for repair. The short volume column begins to shrink, and is accompanied by the emergence of short-term bottom divergence. The short-term moving average also shows signs of turning upward, and the upward continuation trend is quite significant. The short-term trend shows a pattern of continuous upward trend. There has been a rebound in the white trading period. As far as the trend is concerned, there is still a need for a recovery, and US non-farm and unemployment data will be released in the evening. The data is likely to have a significant impact on the market after it is released. In terms of operations, the safe approach is to wait for the pullback to end before looking for a rebound.

Bitcoin: Can be near 94,000. Short-term target: 97,000

Ethereum: Can be near 3260-3290. Short-term target: 3400

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