Although the non-farm data on Friday was significantly positive, the Bitcoin market did not experience a rise; earlier, during the day before the data, the market had already finished rising. Even though I did not take a short position after the non-farm data, I wanted to wait for a rebound at a higher position to go short, and after 10 p.m. the market moved too quickly, instantly dropping from 113000 to below 110000. But at least before the data, I told everyone not to trade based on the data; whether the data is positive or negative does not necessarily reflect the actual fluctuations in the market. Last night, I also continuously reminded not to chase the market upwards, but to exit from the previous long positions.

After the drop last night, Bitcoin has been weakly consolidating below 111000. I expect that there will still be downward space over the weekend.

I suggest going long in the 109500-109000 area, with a stop loss at 108300 and a target of 111000-111800.

For a rebound at 111900-112200, go short with a stop loss at 113000 and a target of 110000-109500.

Over the weekend, I expect the market to see range-bound fluctuations for correction. After the weekly closing, the direction of the larger trend will likely be decided after next week's CPI data. $BTC $ETH $XRP #币安HODLer空投OPEN #非农就业数据来袭 #美联储降息预期