$BTC
The number of unemployed has been announced, which is a positive sign, and the market is quickly reflecting this trend. Currently, the market's greed level has returned to neutral levels. The correlation between Bitcoin and the US stock market remains high, with rising sentiment for trading US stock market recession. In this situation, looking back at historical performance, even with interest rate cuts, there tends to be a drop followed by a rise.
Wait for tomorrow night's non-farm payroll data release; if it is positive, it may directly surge towards 98000 to 10000. If it is bearish, it may first drop to around 92700, and if it rebounds to above 94600, it will still be bullish; if it fails to rise above and breaks below 92000, it will turn bearish.
5.1 Bitcoin Trading Strategy:
1. Sell at 96000-95400, stop loss above 96800, target 94000-93400, continue downwards to look for around 92600
2. Buy at 93400-94000, stop loss below 92600, target 95000-95800
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