#美国非农就业数据表现优于预期 Recently, this wave of falls has been a bit too smooth. Let's talk about how to look at the market next.

The market as a whole is still in a downward channel, and the most prominent issue lately is the inability to rebound. Bitcoin and Ethereum are repeatedly testing bottom support; although they can occasionally bounce back, it quickly fizzles out. The moving averages above act like a lid, and funds are clearly still observing.

From a technical perspective, both BTC and $ETH are operating below the 1-hour and 4-hour moving averages, and the trend direction has not changed. Each time they rebound to key resistance levels, the trading volume begins to shrink — this is a core signal for judging that the rebound is unlikely to sustain. Before the bulls form an effective relay, the price will mostly maintain a weak volatility, and the rebounds within the range are more like technical corrections rather than a true reversal.

Where are the current opportunities? Mainly in "the misalignment timing of the rebound," rather than impulsively chasing emotions. Only when the key support level stabilizes and a reversal signal with volume-price cooperation appears, will the winning rate for short-term bulls significantly increase.

In simple terms: Before the trend reverses, the main idea is to encounter resistance during rebounds.