Follow real-time news from the crypto market, seize the best trading opportunities. Today is Saturday, January 11, 2025, I am Wang Yi Bo! Hello to all cryptocurrency friends ☀ hardcore fan registration 👍 Like, make a fortune 🍗🍗🌹🌹

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The report released on Friday indicates that non-farm employment in the United States increased by 256,000 in December of last year, far exceeding expectations of 160,000 people, with a slight downward revision of the data from the previous two months. Employment accelerated in December of last year, and the unemployment rate unexpectedly decreased, thus putting an end to another year of resilience in the labor market, but also supporting the reasons why the Federal Reserve is slowing down the pace of interest rate cuts. After the data was released, spot gold briefly dropped by about $15, but then recovered all lost ground forcefully; the US dollar index rose more than 50 points in the short term, but has since slightly retreated; a massive sell-off occurred in global bond markets, with yields on US Treasury bonds rising, the yield on 2-year US Treasury bonds reached 4.36%, the yield on 10-year US Treasury bonds reached 4.77%, and the yield on 30-year US Treasury bonds exceeded 5%. After the shocking non-farm employment data, investors are now turning their attention to December CPI data, which will be released next Wednesday. The Federal Reserve is now expected to lower interest rates only once in 2025, at the earliest in June.
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The overall movement of Bitcoin continues to mainly stay at the bottom level, without any significant unilateral movement. It slowly increased in the morning, but once it reached the 95200 zone, it faced downward pressure. In the evening, due to the news, it fell back to the 92000 zone, then rose to the 96000 line in the morning, only to fall again. It is currently in the 94800 zone. The daily movement is still in a weak structure, although there was a short-term rebound, it was not sustained. After three consecutive declines followed by a rebound, the daily chart closed higher. It seems that the current rebound strength has not changed the weak structure. Looking at the 4-hour chart, although the short-term trend is strong, there is not much downside room technically. Overall, there is still a possibility of facing technical pressure, and the hourly chart already shows a divergence signal at the bottom level. In the short term, there is still a risk of downside correction. It is more likely that there will be oscillations in the short term to absorb, which will confirm the effectiveness of the upper resistance while slowing down the pace of the decline. To determine whether the market will decline again in the future, a new assessment will need to be made based on the actual impact of the fundamental situation on the market.
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Ethereum has started to weaken again, after dropping below 3300, Ether has been lagging, the rebound strength is too weak and there has been no significant volume. Yesterday, it bounced twice around 3320 but was held back, the weekend saw too stretched a range, the support below remains upward-oriented, aiming for a rebound around 3200, watching the resistance at 3550, if it does not stabilize or break, we will consider short selling! The breakthrough would also open up potential for continued downside!