Evening Analysis

The recently released non-farm data is bearish, with little impact from the unemployment rate.

The price of Bitcoin also dropped yesterday due to the previous decline, and there was not much price fluctuation after the data was released.

Currently, Bitcoin is fluctuating between reconciliation and rupture, causing continuous disturbances.

Liquidity is poor over the weekend, and prices may decline further.

Although Bitcoin is still experiencing continuous outflows, the stability of Bitcoin has reached a new low for this month.

In the range of 105,000-110,000, long-term holders (2-5 years) and some whales have started to sell and cash out.

In the short term, it is highly likely that the range of 105,000-110,000 will form a top area.

Now Bitcoin is slowly transitioning to being government-led, making it difficult for retail investors to enter.

Long-term investors can continue to dollar-cost average when Bitcoin prices decline.

The overall market is in a phase of relatively scarce liquidity, and it is recommended to operate less, observe more, learn more, and relax more.