The non-farm payroll data released at 8:30 last night was bearish, with the number of new jobs exceeding expectations, which originally put pressure on risk assets. However, BTC did not drop significantly; instead, it found support around the 96 line and quickly surged, reaching a high of 97900, demonstrating strong resilience from the bulls. In my opinion, this could be a signal that the main force has finished washing out and that the market is poised for a breakout.
In terms of operations, I remain cautiously bullish. If shorting, I recommend light positions as the risk is quite high!
Support range: 95200～95800 (if it doesn't break, continue to look bullish)
Resistance targets: 97400, 98500 (if broken, it may challenge 100k)