The trend of BTC is proceeding as expected

Everything is under control

On May 2, I posted that after the non-farm payroll was announced, the upward momentum of BTC would weaken and a correction would begin. Now everything is within my prediction range. BTC has corrected from around 97800 to around 95500, and it has already corrected about 2300 dollars. Of course, this correction is far from over. My prediction is that the first round of correction should be around 10000 dollars, which means it will be around 88000-89000. Of course, the correction won't be a straight drop; there will also be sideways movement and selling in between. For example, the sideways selling around 97800-95000 will last for a few days, and once it’s mostly sold off, a major correction will begin.

On May 3, I also specifically posted that if BTC were to rebound with a low long position, it would correct to around 95000 to find support for the rebound. Currently, BTC has rebounded after dropping to around 95500, showing a rebound of nearly 1000 dollars, which is also in line with my expectations.

So how should we operate the next trades more safely? If we want to go long at a lower price, we can wait until BTC reaches around 94700-95000 to see if it holds. If it holds, we can go long, and then if it rebounds above 97000, we can take a short position. We can do this back and forth for a few days and enjoy some profits. Next, we just need to patiently wait for May 8, which is a crucial interest rate meeting, and the subsequent trend. May 8 is very important.