Countdown for Big Changes

Non-Farm Data Sets the Direction

The Bitcoin daily chart has been consolidating for 8 days! Historical data shows that the 10th-11th day of consolidation is most likely to see significant market movements. This Friday evening's Non-Farm data is a key catalyst—once this heavyweight economic indicator is released, the market might go on a roller coaster ride!

If the Non-Farm data exceeds expectations this Friday, Bitcoin could directly challenge the 98,000-100,000 range! This range is an important psychological barrier recently, and breaking through it could trigger FOMO emotions, but be cautious of the risks of chasing highs~

If the data falls short of expectations, it may first test the 92,750 support. This is a crucial defense line for the bulls! If it quickly recovers to 94,600 USD, it indicates the trend remains strong; however, if it breaks below 92,000, we need to be alert for bearish risks.

Aggressive traders pay attention! If the price breaks through 95,750 USD again, it is highly likely to reach new highs. When shorting at this time, remember to set a stop-loss at 96,000; recent volatility has been intense, so buckle your seatbelt!

Cautious players take note! Set a stop-loss at 93,600 USD, and gradually accumulate in the 93,350-92,800 range. This position is supported by the 12-hour Bollinger Bands middle line, and if it breaks down, it may trigger a daily level adjustment, but holding could be a golden opportunity!

The good news is that the daily chart has not yet shown a top divergence, indicating that the bulls still have momentum. In the short term, don't rush to short; wait for signs of stagnation at high levels before considering short-term trades. Remember, the market right now is like walking a tightrope; staying flexible is the most important thing!