The first non-agricultural data of the new year will be released tonight, with an expected value of only 160,000, which is significantly lower than the previous value of 227,000, and the unemployment rate is stable at 4.2%. At this moment, the market seems calm, but in fact, there are undercurrents. All parties are waiting for the impact of non-agricultural data. This calm is about to be broken and new waves are about to surge.
Not only that, this month there is also the major event of Trump's official inauguration. Its landing will inevitably trigger a chain reaction in the market and bring unprecedented changes in the pattern.
However, in my personal opinion, although the market is full of expectations, non-agricultural data may not be a major positive for Bitcoin, and the possibility of Bitcoin taking the opportunity to break through is also slim. Yesterday's low-level long position is just a high-altitude low-multiple operation idea based on the oscillating pattern.
From the perspective of technical analysis, the 96,000-97,000 area of Bitcoin constitutes a solid technical pressure level, and the upper 98,000 is even more strong. Although the current market has a certain degree of strength, there is insufficient momentum for continued sharp rise. Therefore, if it rebounds to the 96000-97000 range, you can boldly short it; if the price drops first in the evening, you can also choose to go long near the support level of 91500-90500.