Reviewing the intraday market, the overall price remains in a state of consolidation and fluctuation. The market opened around 66,900, faced downward pressure, and pulled back slightly. The price dipped to around 66,200 before finding support, leading to a temporary rebound. In the afternoon, it recovered again to around 67,400 but faced resistance and pulled back, indicating a bearish trend. Despite the non-farm payrolls report being bearish tonight, the overall market couldn't fully digest the data due to the US stock market being closed for the day. The market continues to oscillate, with the price still hovering around 67,000 in a consolidation pattern. The altcoin and Bitcoin movements are consistent, with the overall relative strength rebounding to around 2,080 before facing resistance and pulling back. The intraday low was around 2,040, showing signs of stabilization. Today remains mainly sideways. In terms of spot trading, Bitcoin has opened two short positions today, totaling a 1,300-point range, while the altcoin has also set up positions, gaining over 50 points in total.



The daily chart currently shows a tendency to oscillate between the middle and lower bands. The overall price is in a weak structure, but there are no signs of a bottom break. The 66,000 level remains a key point for the current bearish volume, indicating potential further decline. Watch whether the market's second rebound faces resistance at the 68,000 level. Looking at the larger timeframe, the current pattern still resembles a head and shoulders top, suggesting further pullback space. The non-farm payrolls report tonight has not yet been digested, and the market is waiting within a range. After further news digestion, the price may see a bearish volume pullback. On the four-hour chart, rebounds are blocked near the middle band, and the KDJ golden cross has not led to further volume-driven upward movement. The resistance at 67,500 is a key level to watch in the short term. With small fluctuations, a sideways consolidation is expected, with trading around 66,000 to 67,500, aiming for range-bound trading—shorting near 67,500 and buying near 66,000.

Bitcoin can be shorted between 67,000 and 67,500, with a target near 66,000. Altcoins can be shorted between 2,080 and 2,060, with a target near 2,040 to 2,020. #三月非农数据来袭 $BTC $ETH
BTC-0,13%
ETH-0,71%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin