BTC has been sideways for 8 days on the daily chart, usually changing trend on the 10th-11th day. The day after tomorrow (Friday) evening there is a non-farm payroll report, which is an important piece of information that might trigger a trend change. If the news is positive, it will likely push towards the 98,000-100,000 direction. If the sentiment is bearish, it may first test the support around 92,750, and if it rebounds above 94,600, it will still lean bullish. If it cannot rise above and breaks below 92,000, it will turn bearish.

Therefore, we should prepare for both scenarios:

After a second breakout at 95,750, a new high will be established, and shorts need to defend at 96,000.

Going long is relatively simpler; the stop loss could be at the break-even point or around 93,600. If it breaks below 93,600, we will look to buy low between 93,350-92,800, as the support around 93,000 is relatively strong, located near the middle band of the 12-hour Bollinger Bands. The 12-hour chart is the last phase of the hourly adjustment cycle; breaking below here would upgrade to a daily adjustment level, indicating a pullback to the 92,000-90,000 level. If it holds and rebounds, the adjustment will end, and a direction will be chosen upward. Currently, there is no top divergence on the daily chart, and it leans slightly bullish in the short term; we should be cautious about chasing shorts, and only take short positions at highs.