Yueying: Bitcoin and Ethereum Market Analysis for February 11th - Continued Decline After Non-Farm Payrolls Report and Market Shakeout?

On the daily chart, Bitcoin's price action continues to be resisted around the 7-day moving average. Intraday opening saw a continuation of the downward test, with the Bollinger Bands widening and short-term moving averages trending downwards. The MACD fast and slow lines have turned downwards again, with decreasing volume. The KDJ indicator is facing resistance near 60 and has turned downwards, while the VR indicator is consolidating around 50. On the 4-hour chart, the price is forming a rounded pattern, currently testing support around the lower Bollinger Band. The Bollinger Bands, after narrowing, are starting to widen again, with short-term moving averages turning downwards. The MACD fast and slow lines have crossed downwards, with increasing volume and the KDJ indicator turning upwards after finding support near 0. The VR indicator is consolidating around 100. Overall, the price action has been weak after encountering resistance, showing signs of retesting the bottom. The previously delayed non-farm payroll data will be released tonight, which is expected to cause short-term volatility and potential consolidation. Therefore, watch for resistance around 70,000-71,000 and support around 64,000. This is a short-term trading recommendation. Bitcoin Short-Term Trading Suggestions: Short at 695, Long at 648 (Take profits as needed after strategy activation). For Ethereum (ETH) price action, refer to the daily and 4-hour technical charts for further analysis. Short-term resistance is around 2100, with support around 1830. Enter positions based on support and resistance levels. Manage risk carefully during news-driven fluctuations. See short-term suggestions. Ethereum Short-Term Trading Suggestions: Short at 2058, Long at 1888 (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me about trading and trends! Let's exchange ideas and profit together!