$BTC Last night, after the release of the non-farm payroll data, the market behaved unexpectedly. Despite the data not meeting expectations, which would normally be considered a bearish signal, the price of $BTC rose against the trend.

Above the threshold of 97500 dollars, bears attempted several times to press down, but bulls did not effectively overcome, which shows that the bears' defense line at the top is quite solid.

From a technical perspective, 虎哥 sees that the K line has effectively fallen below the Bollinger moving average and has continuously closed on a bearish line, indicating signs of weakening in the short-term trend. The Bollinger opening is gradually closing, the moving average begins to tilt downwards, and the strength of the bulls is gradually weakening. The price of Bitcoin is approaching the key support near the lower Bollinger limit of 96000 dollars, if this support area breaks, it could trigger a new round of technical correction.

One can attempt to position short sales in the range of 96800-97200 dollars, with a stop loss set at 97800 dollars, and the target at 95500-95000 dollars.