8.9 Weekend Bitcoin and Ethereum Market Analysis
Affected by the nonfarm payrolls data on Friday, Bitcoin surged to a high of 65,358, but the market did not continue the rebound. It first pulled back and recovered to around 64,500, then staged a slight rebound in the early hours of the following day, entering a phase of high-level consolidation during the weekend closure. Ethereum also failed to rebound significantly, reaching a high of 1,943 before beginning a corrective pullback. However, it did not fall below the 1,900 level, and subsequently fluctuated narrowly around 1,920. Everything in the world has its rhythms, and so does the market. Where there is noise and exuberance, there must also be silence and barrenness. Only by accepting periods of dullness can one withstand periods of celebration.
In the current one-hour Bitcoin chart, the MACD bearish crossover below the zero line is converging, bearish momentum continues to weaken, and the KDJ has already formed a golden cross, indicating that a technical recovery is underway, with the short-term trend leaning bullish. In the short term, Bitcoin is more likely to continue consolidating with an upward bias based on support around 64,800 and test the 65,000–65,200 area, but resistance at the previous high remains effective and could easily halt the move. If Bitcoin continues to rebound on declining volume to around 65,200 while showing clear weakness, a short position can be considered, with a pullback toward around 64,800 as the next focus. Against the backdrop of insufficient weekend liquidity, heavy positions are inadvisable. Wait for volume to return on Monday before making a trend-based judgment; for now, respond with a range-bound, slightly bullish approach and enter and exit quickly. For Ethereum, pay attention to resistance in the 1,930–1,940 range above, while support below is tentatively at the 1,900 level. $BTC #非农爆雷降息预期逆转 $ETH