Last night, the non-farm payroll data release did not cause much impact on the market, but the coin price quickly followed the US stock market's rhythm and rebounded. The market once tested above the 92,000 level, but after continuous tug-of-war between bulls and bears, it ultimately failed to stabilize at this level and turned back down. Currently, the coin price has returned to around the 90,000 integer level for consolidation at a low position. The characteristic of this period is sustained wide-range fluctuations, oscillating back and forth between highs and lows, lacking a clear direction.

From the four-hour chart, after a downward move, the price showed a small consecutive bullish rebound, then tested the mid-line resistance, but finally closed with a medium-shadow line, directly swallowing the previous rebound space. The current price has returned near the previous starting point of the rally, still operating within the triangle range. The four-hour bearish momentum is gradually decreasing, which means the next move will either be a breakout upward or a further decline. With the weekend approaching, market liquidity is bound to weaken, and the market will enter a consolidation mode.

Looking at the hourly chart, after testing the upper band upward, the price continued to fall below the mid-line. Although there is still some bullish advantage in the short term, the momentum is continuously waning. Under the background of decreasing market liquidity over the weekend, after a dip, the price should experience a necessary rebound and correction. From a technical perspective, the demand for correction is increasing. We currently maintain the idea of buying on dips, participating in short-term setups.

Operational reference: Consider long positions around 90,000 for BTC, watch near 91,500; for ETH, go long around 3050, focus on 3150.