25/01/11 BTC rebound is still continuing, countdown to Comrade Jianguo taking office, patiently waiting for the direction in the long and short game!

CN
7 hours ago

In December, the U.S. non-farm payrolls added 256,000 jobs, marking the largest increase in nine months, exceeding the expected 165,000 and surpassing the forecasts of nearly all economists surveyed by the media. The previous value for November was revised down from 227,000 to 212,000, while the employment figure for October was revised up by 7,000 to 43,000.

The unemployment rate in December was 4.1%, lower than expected and down from 4.2% in November. A broader measure of unemployment, which includes discouraged workers and those who can only find part-time work for economic reasons, fell to 7.5%, a decrease of 0.2 percentage points, the lowest level since June 2024.

U.S. stock indices all broke down, with the Dow Jones falling by 1.63%, the Nasdaq down by 1.63%, and the S&P 500 dropping by 1.54%, while U.S. Treasury yields for 5-year and 10-year bonds approached previous highs. Gold in London rebounded by 0.58%, while Bitcoin rebounded after several days of decline following the non-farm payroll announcement.

Bitcoin

After a spike to 91,203 early yesterday morning, Bitcoin rebounded following the non-farm payroll announcement. It is currently oscillating below the range of 91,203 to 96,000. With low trading volume over the weekend, it is likely to continue trading in this range without breaking below 91,203, indicating a short-term rebound demand. I maintain the previous view that if the rebound cannot reclaim key resistance, it will test the support at the 90,000 level again, or even break down.

The 4-hour chart shows repeated oscillations, and if the rebound remains below 0.382, further declines cannot be ruled out. I will continue to observe in the short term.

Support: Resistance:

Ethereum

Ethereum is also showing a very weak rebound, lingering around 3,230 after a spike to 3,158, with little to no rebound. Additionally, we note that the weekly chart has formed a bearish engulfing pattern, which is quite pessimistic. Further declines testing the 3,000 support or even above 2,800 cannot be ruled out.

Support: Resistance:

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This article is time-sensitive and for reference only, with real-time updates.

Focusing on K-line technical research, sharing global investment opportunities. Official account: Trader Prince Fusu

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