10.4 Friday evening market analysis:



After the rate cut, the first non-farm data is coming. Will the market ignite a rebound or continue to fall?

BTC rose to around 60700 in the early morning, dropped to 60400 and then rebounded to around 61200. It later dropped to around 60900. BTC rose in a staggered manner to around 61600 during the noon. Currently, it is around 61400.

The morning first trends downwards, then upwards. The actual trading closes with a profit of more than 500 points, and ETH gains 28 points.

From the current weekly K-line structure, Bitcoin's momentum has increased and appears as a bearish candlestick, with the upper focus being around 62600 and the lower focus being around 59500. From the daily structure, Bitcoin's bearish momentum is shown as a bullish candlestick, with the upper focus being around 62500 and the lower focus being around 59500. From the 4-hour structure, Bitcoin's bullish momentum is increasing, but is being suppressed by the middle band. Gradually, it is forming an upward trend. From the hourly structure, Bitcoin's bullish momentum is alternating between shrinking and increasing, gradually moving upwards.

Evening operation suggestion:
The rebound of Dapan is around 61500-61800, looking towards 60600-60300.

Auntie rebounded around 2385-2405, looking towards 2330-2310 will do.

Life is not a smooth road, challenges and opportunities coexist. Take dreams as horses, live up to the time, and forge ahead.#BTC #ETH
BTC0.49%
ETH1.82%
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