On Wednesday evening, after the opening of the U.S. stock market, all indices fell, and the crypto market was also affected to some extent. Bitcoin and Ether prices experienced a pullback, although it provided certain space, it did not break out of the continuation pattern. In the short term, it still oscillates within the trading range. Within ten cycles, after the white cycle captured nearly 2000 points of space with one short and one long position, the coin price began to pull back again to catch the retracement, then halted and started to rebound with a direct take the opposite position. In the evening, one short and one long position captured again over 1500 points of space, while the Ether 4 positions also gained over 120 points of space!

Currently, the Bitcoin price is running around 93800. In the evening, after a pullback to the 92800 line, the coin price rebounded again. The technical indicator MACD shows that the bearish momentum is weakening and the market is starting to turn. Overall, the EMA indicates a bullish market. Although there is a need for short-term adjustment, the larger trend has not changed and remains in a fluctuating bullish pattern. Therefore, in the midnight operation, the main strategy should be to go long at low prices and temporarily avoid short positions!
In terms of Ether, the coin price pulled back to 1730 before stopping and rebounding again, with effective support. The overall rhythm is still within the trading range.
The 4-hour K-line has formed a number of K-lines with long upper shadows, and there is still some selling pressure in the market, and the currency price has accelerated the retracement for a period of time, indicating that the seller's strength is strong in the short term. The technical indicator MACD bearish trend is still dominant, the EMA short-term and medium-term moving averages are under greater pressure, and the long-term support still exists, that is to say, the support near 1730 can continue to hold as long as the bulls are held, do not rush to leave, the target remains the same, and continue to focus on the 1830-1850 area above. At the same time, remember to do a good job of risk control!
On Wednesday midnight, Bitcoin's evening price gave a chance to reduce positions around 93200 and hold, taking some profit first. If you haven't followed up, if it pulls back to around 93000 again, you can still go long. Continue to pay attention to the upper line at 95000. For Ether, continue to hold long in the 1730-1750 range, with a target to focus on the 1830-1850 area! #BTC #ETH #非农就业数据将公布