$BTC – Don’t Be in a Hurry to Short
I wouldn’t recommend shorting $BTC BTC right now. Tonight might turn out to be a major turning point. Earlier today, Bitcoin already hit around $97,400 – that’s just $600 shy of the $98,000 level I had predicted earlier. At the moment, it’s hovering around $97,000.
At this stage, I think it’s risky to short $BTC BTC. There’s a very important event happening tonight: the non-farm payroll (NFP) data release. As we’ve seen before, such news can cause major volatility in the market, with sharp spikes both up and down. And since this is a big NFP release, the safest move right now is to stay on the sidelines and wait.
If the data turns out positive when it drops at 8:30 PM, there’s a good chance BTC could break even higher, possibly past $98,000. But after tonight, I expect the bullish momentum to slow down and a strong correction to follow.
There’s also one more thing we can’t ignore – the interest rate decision coming up on May 8th. That’s a big unknown. Whether the Fed decides to cut rates or not could have a huge impact on the whole crypto market. Since we don’t know what direction that’ll go, it’s impossible to predict how BTC will
react.
#DigitalAssetBill #BTCRebound #StablecoinPayments #StrategicBTCReserve
