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Good morning everyone, yesterday Bitcoin rebounded from around 79,000 points to around 80,400 points. In the evening, due to non-farm payrolls, there was a brief decline, but the overall magnitude was not large.
Saturday's market generally won't be too big. From the 1-hour timeframe, the KDJ indicator's K line has already turned downward, falling to the D line, forming a death cross pattern, indicating that the downward pressure is being released in the later stages.
The MACD indicator's bullish momentum is above the zero line, but the bullish force is gradually weakening. Meanwhile, ATR continues to decline, market volatility narrows, lacking the sustained upward momentum support, and a bearish signal has gradually formed.
Trading suggestions:
Bitcoin is lightly bearish in the 80,500-80,700 range, with a target around 79,000.