After the non-farm payroll data was released last night, the market performance broke the usual expectations. Although the data fell short of expectations, creating a bearish signal, the price ratio rose against the trend. Above the 97500 level, the bears have repeatedly attempted to exert pressure, but the bulls have not been able to achieve an effective breakthrough, indicating that the bear's defense line above is solid.

From a technical perspective, the K-line has effectively broken below the middle track of the Bollinger Bands and has continuously closed with bearish candles, showing clear signs of a weakening short-term trend. The Bollinger Bands are gradually converging, with the middle track starting to turn downward, and the bullish momentum continues to diminish. The price ratio is increasingly approaching the key support level near the lower track of the Bollinger Bands at around 96000. Once this support area is breached, it is highly likely to trigger a new round of technical correction.

You can build a position in batches in the 968-972 range, with a stop loss at 978 and a target of 955-950. $BTC #非农就业数据来袭