Black Friday saw Bitcoin and Ethereum dump, while ZEC broke out and surged on the weekend daily chart!
The market’s short-term direction can be said to be completely clear. After Sandisk and Micron strengthened, can there still be a reversal next week?
On the daily chart, Bitcoin broke above its previous high, then pulled back hard and fell below 79000. On the weekly chart, supported by softer yields, a weaker dollar, and reduced hawkish remarks from the Federal Reserve, Sandisk and U.S. stocks staged a sharp rebound. But stronger-than-expected U.S. nonfarm payrolls on Friday reignited expectations of a rate hike in September, so the Fed’s tone will definitely be key next!
With nonfarm payrolls out on Friday, Bitcoin went through a wide-range whipsaw move of surging, probing a low, and rebounding. The weekly candle closed as a doji, showing intensified tug-of-war between bulls and bears. The jobs data only disturbed the short-term rhythm and did not produce a clear one-way trend. Next week, the key will be whether the market can consolidate in a range, accumulate momentum, and then turn. The CPI inflation data remains the main focus!
The weekly chart closed with a doji star, a typical signal of balanced bulls and bears. Ethereum failed to break below the 2430 structural support, and on the smaller timeframe it rebounded again to break above 2500. The current move is fully playing out according to expectations and the trend script. The weekend short-term rhythm is still there, but bears are relatively weak. For the later trend, whether it rises in a boring grind or pulls back, do not chase highs or panic sell lows. After the structure is repaired and adjusted, trade the pivots and follow the trend. As for ZEC, it still looks like it will make a high and then pull back in the short term, so keep positions light and short!
Back to daily chart trading: on Friday, Bitcoin was bought live at 79200, and overall it was still just a short-term rebound. Ethereum dipped during the day to test 2520, then closed back above after a rebound in volume. The logic has not changed and the trend is still intact. Within the range, bulls and bears are accumulating momentum and fighting it out, so in the short term focus on selling high and buying low around the structure and wait for the turning point!
Bitcoin long at 78700-79000, weekly close target focus at 80300-80800, and if 81000 holds, then look at 81500-82300
Ethereum long at 2450-2460, look for 2530-2570 on the upside, and after breaking through, treat it in sync with Bitcoin and look toward the 2600 area
ZEC short at 1208-1220, look for 1180-1150 on the pullback
That’s all for the weekend market. Wishing everyone happy trading…#BTC触及80000美元 $BTC
The market’s short-term direction can be said to be completely clear. After Sandisk and Micron strengthened, can there still be a reversal next week?
On the daily chart, Bitcoin broke above its previous high, then pulled back hard and fell below 79000. On the weekly chart, supported by softer yields, a weaker dollar, and reduced hawkish remarks from the Federal Reserve, Sandisk and U.S. stocks staged a sharp rebound. But stronger-than-expected U.S. nonfarm payrolls on Friday reignited expectations of a rate hike in September, so the Fed’s tone will definitely be key next!
With nonfarm payrolls out on Friday, Bitcoin went through a wide-range whipsaw move of surging, probing a low, and rebounding. The weekly candle closed as a doji, showing intensified tug-of-war between bulls and bears. The jobs data only disturbed the short-term rhythm and did not produce a clear one-way trend. Next week, the key will be whether the market can consolidate in a range, accumulate momentum, and then turn. The CPI inflation data remains the main focus!
The weekly chart closed with a doji star, a typical signal of balanced bulls and bears. Ethereum failed to break below the 2430 structural support, and on the smaller timeframe it rebounded again to break above 2500. The current move is fully playing out according to expectations and the trend script. The weekend short-term rhythm is still there, but bears are relatively weak. For the later trend, whether it rises in a boring grind or pulls back, do not chase highs or panic sell lows. After the structure is repaired and adjusted, trade the pivots and follow the trend. As for ZEC, it still looks like it will make a high and then pull back in the short term, so keep positions light and short!
Back to daily chart trading: on Friday, Bitcoin was bought live at 79200, and overall it was still just a short-term rebound. Ethereum dipped during the day to test 2520, then closed back above after a rebound in volume. The logic has not changed and the trend is still intact. Within the range, bulls and bears are accumulating momentum and fighting it out, so in the short term focus on selling high and buying low around the structure and wait for the turning point!
Bitcoin long at 78700-79000, weekly close target focus at 80300-80800, and if 81000 holds, then look at 81500-82300
Ethereum long at 2450-2460, look for 2530-2570 on the upside, and after breaking through, treat it in sync with Bitcoin and look toward the 2600 area
ZEC short at 1208-1220, look for 1180-1150 on the pullback
That’s all for the weekend market. Wishing everyone happy trading…#BTC触及80000美元 $BTC
