Weekend old issue, the market liquidity is relatively poor when the stock market is closed.
Therefore, the main focus this weekend is still on the fluctuations, and it is expected that there will be no significant breakouts.
News and data from yesterday, Friday:
The non-farm payrolls on Friday significantly exceeded expectations, causing a temporary bearish impact on the market, leading to a decline in the evening session.
Trump has been found guilty on 34 counts, but due to the importance of the period of power, he has been released without any action taken. (Similar to the bearish news at 11 PM last night)
Even with frequent bearish news, the market shows a certain level of support. The non-farm data and short-term news will not change the market direction; the market will return to normal after a short-term impact.
Bitcoin weekend upward expectation: 9.55-9.65
Weekend support: 9.2 (the low point support of the bearish spike), as long as this support holds, focus on a rebound near 9.35 over the weekend.
If 9.2 breaks, the maximum expected pullback over the weekend is likely to test 9.1 twice.
Ethereum's recent performance has been mediocre, but if Bitcoin continues to strengthen, there will be opportunities for Ethereum to catch up. Watch for support at 3200 during the weekend pullback.
Maximum pullback expectation: 3150
Rebound expectation: 3380-3400
Support at 9.1 and a break below 3150 would indicate the end of the current bullish expectation.
At the same time, BCH mentioned yesterday successfully stabilized at 435 after the non-farm impact, signaling the start of an upward trend.
Long positions have been established, and further attention should be paid to the 480-510 range. For those who did not establish positions immediately, continue to look for opportunities around 435.
This column focuses on sharing major mainstream cryptocurrencies BTC/ETH/EOS/XRP/ETC/LTC/DOGE. Follow the public account "Yuanbi" to avoid getting lost and enjoy more service guidance.
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