Yesterday evening, the cryptocurrency price followed the US stock market trend and continued the previous pullback. The price further declined to around 70,600, then experienced a slight rebound and correction. As the US stocks closed smoothly, after some consolidation, the price dipped slightly again. Currently, the price is trading below 71,000. The bearish outlook I repeatedly emphasized in real trading yesterday was again accurately confirmed. Tonight, focus on the release of non-farm payroll data, and in the short term, be cautious and avoid unnecessary risks. Looking at the four-hour chart of Bitcoin, the price experienced a rapid decline with consecutive bearish candles. Currently, the price is again near the middle band. The overall stepwise oscillation upward remains stable. Although there was a significant pullback, the upward trend at the level remains stable. The slowing of the downward momentum indicates that the support at the middle band is still strong. Therefore, we continue to expect a bottoming and rebound in the near future. In the short-term hourly chart, after the price quickly fell below the lower band with consecutive bearish candles, the market volatility narrowed as US stocks closed. The price moved in a choppy pattern of alternating small bullish and bearish candles, consolidating and pulling back. Technical indicators recovered quickly, and the MACD histogram shows that the bearish momentum is weakening. Once the consolidation ends, we maintain our bullish outlook for a rebound. For Bitcoin, consider long positions around 70,500, with attention to 72,000. For Ethereum, consider long positions around 2,060, with attention to 2,160.

The inactive Ethereum ICO wallet activates after 10.6 years, moves 100.27 ETH #CelebratingNewYearOnGateSquare