2026-01-03 08:23:27

Happy New Year everyone! The team took a two-day break for the New Year holiday, everyone relaxed and celebrated the New Year, and now it's time to get back to work. Over the past two days, we reviewed the market movements on the 1st and 2nd. The overall trend of the coin prices is in a rebound mode, with two key driving forces clearly evident: first, the increasing expectation of Fed rate cuts in 2026; second, the ongoing tension in geopolitical situations. The combination of these two factors has directly pushed the coin prices higher. What is the current focus? Traders are waiting for the US economic data to be released gradually this month to judge the Fed's next interest rate moves. Among them, the US December non-farm payroll report next week is particularly critical. Once this data is out, market reactions are expected to be quite intense, so everyone should keep a close eye on it.

Looking at the technical aspect, the recent candlestick patterns show a rhythm of oscillating sideways while trending upward. Yesterday, a long bullish candle broke through the previous resistance around 90600, indicating bullish momentum. However, today, during the weekend, there was some pullback, suggesting that the bullish energy is waning and a correction is needed. On the hourly chart, both DIF and DEA are above the zero line, but the MACD histogram is shrinking, which indeed reflects weakening bullish momentum. The hourly RSI is currently at 54.66, having moved back from the overbought zone to a neutral position, indicating market sentiment is stabilizing. The EMA7 and EMA30 still maintain a golden cross, overall indicating a bullish arrangement, but the price is approaching the EMA7 support, so caution is advised whether it will break below. The key support for short-term trading is around 88000, while resistance levels are near 93000.

Bitcoin trading strategy:
1. Short at 91300-90300, stop loss above 92300, target at 89200-88400
2. Long at 88500-89400, stop loss below 87500, target at 90200-91100

Ethereum trading strategy:
1. Short at 3160-3120, stop loss above 3200, target at 3060-3020
2. Long at 3010-3050, stop loss below 2970, target at 3100-3150

(The above analysis is for reference only. Please trade at your own risk. Specific operations should be based on real-time market trends.)

BTC1.51%

ETH1.14%

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MidnightSnapHunter

· 8h ago

Non-farm payrolls this week are probably going to trigger another bloodbath; maybe wait a bit longer before taking action.

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zkProofInThePudding

· 20h ago

Spot or futures, this pace is a bit intense.

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NervousFingers

· 20h ago

Try a short position and bet on the non-farm payrolls crashing.

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RektRecovery

· 20h ago

ngl the fed pivot narrative is kinda predictable at this point... warned about this exact pattern last cycle

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PoolJumper

· 20h ago

Wait, is the non-farm payroll data coming out this week? Stay glued to it, feels like it's going to explode.

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MEVSandwichVictim

· 20h ago

Non-farm data is going to explode this week, gotta keep a close eye on the orders in hand.

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ApeWithNoChain

· 20h ago

Well, the non-farm data is coming, and it looks like I'll be staying up late again to watch the market... --- Haha, the bullish momentum is waning, still need to hold the 88000 level. --- Feels like we're going to be bouncing between 91300 and 88500 again, so annoying. --- DIF DEA is above the zero line but MACD is shortening... Is this rhythm about to gather strength? --- I just want to ask, can this rebound hold until the non-farm data? --- Going long around 89400 sounds okay, but the stop-loss point is a bit vague. --- Honestly, the expectation of a Federal Reserve rate cut is the main theme; the technicals are just a backdrop. --- Is there an opportunity for long positions on Ethereum around 3050?

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