Non-farm data falling short of expectations has released market pressure, and the trends of $BTC and $ETH are also under pressure. Such moments are actually the best test of traders' mentality—opportunities are hidden within volatility, the key is to stick to your strategy.
Looking back at the early morning market, Bitcoin quickly dropped from the 92283 level to around 90900, showing a continuous consolidation trend. Ethereum followed the market rhythm, falling from 3145 to the 3080 range. The short positions set up during the session also have good profit potential.
What does the current chart reveal? The resistance above remains heavy, and the market's rebound momentum is clearly insufficient, with the bears temporarily in control. From the hourly chart, the price has already broken below the middle band of the Bollinger Bands, which usually indicates the possibility of further short-term decline.
The upcoming trading strategy can maintain a bearish stance. Continue to watch the support around 90500 for Bitcoin, and for Ethereum, pay attention to the key area of 3070-3050.
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StableBoi
· 01-16 00:17
Once the Non-Farm Payrolls are released, you'll know immediately. This short position is indeed comfortable. The question is, can it hold until 90,500?
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DegenWhisperer
· 01-14 15:34
Another wave of non-farm payrolls crashing the market, nothing new anymore. Short positions are comfortably buried; now just see if we can hold until 90,500.
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TerraNeverForget
· 01-13 00:46
It dropped again, non-farm payrolls are stirring things up. This wave is really tough.
Mindset really can determine life or death; if you can't stick to your strategy, you'll be chopped up in no time.
Keep bearish and go for it; only if 90500 breaks will it be truly over.
In the short term, it still needs to go down; don't think about bottom fishing.
The lesson I learned from this wave is that the market speaks, and empty talk is useless.
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GateUser-a5fa8bd0
· 01-13 00:40
Down again and again, this time it's really testing the mentality.
The feeling of shorting and earning passively is still pretty good, just see if 90500 can hold or not.
With the Non-Farm Payrolls this time, the short-term trend is still downward, no suspense.
Those with good mentality have already bottomed out, while those with poor mentality are still hesitating haha.
The Bollinger Bands have been penetrated, I think we need to drop another wave before the top.
The 90500 level is really tightly held, it feels like it might break.
Let's wait and see, no rush, anyway the bears are in control now.
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Layer2Observer
· 01-13 00:37
The macro data shock from non-farm payrolls is quite clear in technical terms... The signal of the middle band of the Bollinger Bands being broken is indeed worth noting, but to be honest, I've heard too many of these "inevitably downward" arguments before.
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MetaverseMigrant
· 01-13 00:28
Here we go again, every non-farm payroll report causes such a fuss... By the way, is it really that easy to stick to a strategy?
Non-farm data falling short of expectations has released market pressure, and the trends of $BTC and $ETH are also under pressure. Such moments are actually the best test of traders' mentality—opportunities are hidden within volatility, the key is to stick to your strategy.
Looking back at the early morning market, Bitcoin quickly dropped from the 92283 level to around 90900, showing a continuous consolidation trend. Ethereum followed the market rhythm, falling from 3145 to the 3080 range. The short positions set up during the session also have good profit potential.
What does the current chart reveal? The resistance above remains heavy, and the market's rebound momentum is clearly insufficient, with the bears temporarily in control. From the hourly chart, the price has already broken below the middle band of the Bollinger Bands, which usually indicates the possibility of further short-term decline.
The upcoming trading strategy can maintain a bearish stance. Continue to watch the support around 90500 for Bitcoin, and for Ethereum, pay attention to the key area of 3070-3050.