#美国非农就业数据表现优于预期 November 24th, Monday Night Market: Bitcoin Ethereum Technical Analysis

Today, both mainstream coins had a high and then retreated during the day session. Now, the technical indicators are starting to lean bearish in the evening. The focus will be on looking for short opportunities during the rebound.

Let's first look at Bitcoin. It rebounded from the $86,000 position to $88,000 during the day, then oscillated downwards to a low of $85,700, and is currently fluctuating around $86,000. The four-hour chart shows that the bulls have significantly reduced their volume, unable to push higher. Pay attention to the support at $85,400 below; on the hourly chart, the bearish volume is increasing, and the price has already fallen below the lower boundary. The short-term bearish strength is still being released, with key resistance above at $86,700.

Ethereum's trend basically follows Bitcoin. During the day, it rebounded from $2760 to $2885, then dropped back to $2785, and is now fluctuating around $2800. The overall atmosphere is weak, and bearish sentiment is gradually fermenting.

Practical thinking reference:

Bitcoin can be considered for short positions in the range of 86500-87000, with a target of 85000-84500;

Ethereum focuses on shorting opportunities in the 2840-2860 range, with a target below of 2770-2730.

From a data perspective, the U.S. non-farm payroll data exceeded expectations, which may impact market sentiment. Pay attention to risk control.