After the announcement of the non-farm payroll data of $BTC , BTC broke through to around 97800. After reaching this position, there was a clear phenomenon of insufficient momentum. This position was actually a false breakout created by the main force, which is essentially a trap set for us by the main force to lure retail investors into chasing the trend. Moreover, it can be clearly seen that after BTC's price reached around 97800, it quickly fell back into the range of 92800 to 95700. From 97800 to 93500, the decline exceeded 4300 USD. If BTC intends to continue its upward movement, it must stabilize above the resistance level of 95700. However, it is evident that it did not stabilize and quickly fell below, and the upward momentum is currently very weak. Therefore, I am bearish on the subsequent market trend.
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