From my observation, the market is showing two contradictory characteristics: Want to fall? It can't drop—technical support is still fairly solid. Want to rise? It can't break through—always just short of breaking resistance. So it just keeps grinding at these high levels, forming a choppy but slightly bullish pattern. The market is tangled right now, waiting for a clear signal from the fundamentals.
This week, the nonfarm payroll data is about to be released, which has always been a catalyst for short-term moves. Last night's market action was a perfect example—$BTC kept oscillating on the 1-hour chart, with whipsaw action up and down. On the day the nonfarm data comes out, it's likely to follow the same pattern: choppy before the data, then picking a direction after it's released.
$BTC and $ETH are currently moving in step with the broader market, with no independent trends. In the short term, you still have to keep a close eye on the nonfarm data. During these key data windows, technical analysis takes a back seat to news-driven reactions. The recommended approach is to stay on the sidelines and wait for the market to choose a direction before acting.
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TommyTeacher1
· 12-07 04:55
It's another one of those days stuck in a bottleneck, so annoying.
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LiquidityOracle
· 12-07 02:58
The choppy market is really frustrating, the pace before the nonfarm payroll is a bit annoying, it feels like the coins have lost their momentum.
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WhaleWatcher
· 12-06 05:14
It’s this kind of indecisive market again, really exhausting.
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Better just watch the action before the NFP, technical analysis is useless anyway.
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I just want to know if this NFP can finally give us a clear direction.
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With BTC grinding like this, the small retail investors have long been shaken out.
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Let’s just wait for the data, nothing we say now matters.
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The resistance level just won’t break, feels like it’ll keep ranging for a while.
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Watching from the sidelines is safest, don’t fall for the traps.
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Most likely more shakeouts on NFP day, be mentally prepared.
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WhaleWatcher
· 12-05 16:10
This grindstone is really something, just missing a news trigger.
Non-farm payrolls are coming, probably going to be another round of wild shakeouts—looks uncomfortable.
Let’s wait and see, nothing feels right to do at the moment.
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LoneValidator
· 12-04 09:30
It's this kind of awkward market again, nothing can move.
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Just grinding like this before the Nonfarm Payrolls, it's really annoying.
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Just wait for a signal, anyway, there's nothing much to say from a technical perspective right now.
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$BTC is a bit boring this week, just chopping back and forth, I almost fell asleep.
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$ETH is just following the trend too obviously, where's the independent movement?
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Next week's Nonfarm Payrolls is the real test, going all in now is just for fun.
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Why is the resistance level just barely out of reach, it's a bit hopeless.
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The market is indecisive, so am I, better to stay on the sidelines for safety.
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$BNB lacks independence, this wave is a bit awkward.
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CryptoFortuneTeller
· 12-04 09:30
It's starting to drag on again, really annoying. Let's just wait for the non-farm payroll data.
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DiamondHands
· 12-04 09:29
Stalling again, I knew it. As soon as the Non-Farm Payrolls are released, it's bound to be another round of wild shakeouts.
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hodl_therapist
· 12-04 09:28
Getting stuck is actually giving us an opportunity to position ourselves; it's not a reversal.
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LeverageAddict
· 12-04 09:08
If it's stuck, it means they're shaking out weak hands. Let's just patiently wait for the Non-Farm Payrolls.
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StablecoinAnxiety
· 12-04 09:03
It's the same old trick again—grinding away on the night before the Non-Farm Payrolls. Retail investors are most annoyed by this routine.
#ETH走势分析 's trend this week has been a bit stuck.
From my observation, the market is showing two contradictory characteristics: Want to fall? It can't drop—technical support is still fairly solid. Want to rise? It can't break through—always just short of breaking resistance. So it just keeps grinding at these high levels, forming a choppy but slightly bullish pattern. The market is tangled right now, waiting for a clear signal from the fundamentals.
This week, the nonfarm payroll data is about to be released, which has always been a catalyst for short-term moves. Last night's market action was a perfect example—$BTC kept oscillating on the 1-hour chart, with whipsaw action up and down. On the day the nonfarm data comes out, it's likely to follow the same pattern: choppy before the data, then picking a direction after it's released.
$BTC and $ETH are currently moving in step with the broader market, with no independent trends. In the short term, you still have to keep a close eye on the nonfarm data. During these key data windows, technical analysis takes a back seat to news-driven reactions. The recommended approach is to stay on the sidelines and wait for the market to choose a direction before acting.