Can Bitcoin's Non-Farm Payroll Night Help Reverse the Market? Will It Test the Previous High of 102,700?

Those who know how to buy are apprentices, those who know how to sell are masters, and those who understand how to hold cash are the ancestors! In trend swing strategies, the choice of buying points is secondary, while the selling points are key, but good capital management is the soul of trend swing trading.

U.S. stocks were closed yesterday, and there is some room for a dip in the evening market; did you manage to enter long positions? A long position was given at 92,500, and after entering, the market rebounded to 94,700, controlling a space of 2,000 points. If we don’t trade the trend, do we really want to chase after buying high and selling low?

Tonight's Non-Farm Payroll news, currently from a daily perspective on Bitcoin, shows three consecutive days of closing with green bearish candles. The lower support levels keep refreshing, rebounding from 91,000 to 95,000. Overall, it is still around a box pattern. The four-hour upper pressure is near MA90; a rebound to this area can be considered for shorting. The lower support is around 91,800; a pullback can be considered for going long. MACD bearish volume is decreasing, showing signs of a golden cross. The main strategy remains to sell high and buy low, with the specific market trend taking precedence from the live market!

Buy around the range of 92,500-93,000 for long positions, targeting 97,500. If it breaks through, continue to look at 98,500.

Sell around the range of 96,000-96,500 for short positions, targeting the lower support at 91,000. If it breaks below, look at 89,800.