At 8:30 PM tonight, key economic indicators—unemployment rate and non-farm payroll data—will be released. This could trigger a move in Bitcoin, potentially shaking out the remaining short positions. Trade with caution: avoid rushing into longs, and be patient with shorts.
In my opinion, a break above 100K is highly unlikely. Many short positions have liquidation levels clustered around 9.8, and it’s likely that market makers will push the price close to 9.9 to trigger liquidations before another drop. I’m getting ready to short again.
If you enjoy analyzing K-line charts, this is a moment to watch closely.
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