After Bitcoin surged again at the 94,185 level, it formed a long upper shadow, indicating significant selling pressure at the high, but the pullback was limited and it remains stable in the upper-middle range, which is typical of high-level consolidation. The latest candlestick has an even longer lower shadow, meaning there is strong buying support below and the bears still haven't mounted effective pressure. Looking at the one-hour chart, the price has repeatedly hovered in the 93,800–94,000 range with smaller candlestick bodies and more upper and lower shadows, suggesting that bulls and bear

US "ADP Nonfarm" employment figures recorded a negative value, missing expectations
US November ADP employment decreased by 32,000, the lowest level since March 2023, while the market expected an increase of 10,000.
From the current market perspective, on the 4-hour chart, BTC tested the 93,900 level and met resistance, pulling back with two consecutive bearish candles and stabilizing around 92,800. The Bollinger Bands are still widening, indicating no significant short-term trend change. The MACD fast and slow lines are below the zero axis and continue to turn upward, with green bars showing

US “Small Nonfarm” Employment Numbers Fall Short of Expectations
The US ADP employment change for November recorded a decrease of 32,000 jobs, the lowest level since March 2023, while the market had expected an increase of 10,000 jobs.
From the current market perspective, on the 4-hour chart, BTC price tested the 93,900 level and was rejected, pulling back with two consecutive bearish candles and currently stabilizing around the 92,800 level. Bollinger Bands continue to expand, indicating no significant change in the short-term trend. The MACD fast and slow lines are below the zero axis and co

Early this morning, the market experienced a clear bottoming and rebound. The price of BTC initially dipped and found support around 84011, stopping the fall, and then started to rebound. So far, it has reached a high of 86817. The movement of Ether is highly correlated with BTC, showing an almost identical rhythm. After dipping to 2718 early in the morning, the price stabilized and subsequently followed BTC, rebounding to a high of 2812.
From the four-hour level, although the price has shown two consecutive bullish rebounds, attempting to test the resistance upwards, the upper and middle band

In summary of the evening market, the subsequent rebound is bearish. The current market is still in a typical weak downward channel, and the core trading strategy remains to short with the trend. Before a clear reversal signal appears in the downtrend, betting against the trend for a rebound carries significant risks, and adhering to the trend is a relatively safe and effective strategy. Pay attention to the pressure performance near key resistance levels; if the rebound lacks strength, continue to follow opportunities to intervene at higher prices, and be sure to control your position and set