Dear family, yesterday's Bitcoin movement was too exciting! In the early session, it started to rebound from around 110400, and during the day it surged directly to 113341. I thought it was going to take off, but then the non-farm data was released in the evening, and it instantly reversed, producing a 'Heaven and Earth Needle', which was terrifying! After that, it formed a pressure platform above 113300, and then began to pull back, finally stabilizing at a low of 110166, now oscillating around 110800. From the market perspective, the daily chart looks like a cross negative line with a long upper shadow, indicating significant selling pressure above, and it can’t rise anymore. On the 4-hour chart, 113500 has become a strong resistance level, being pushed back twice when it tried to rise, suggesting a potential double top, and it feels like a phase top is approaching. Moreover, the Bollinger Bands are also narrowing, with the price returning from the upper track to the middle track, so it’s likely to enter a phase of oscillation and consolidation next. Personally, I am still bearish, everyone should be aware of the risks! $BTC #非农就业数据来袭