Don't rush to short $BTC , tonight might be the big showdown.
Today BTC surged to around 97400, just 600 dollars away from the 98000 I mentioned earlier. Now it’s fluctuating around 97000. Don’t rush to short at this point because there’s a major event tonight—the non-farm payroll data. When such major news is released, the market often swings wildly. Especially tonight's big non-farm payroll, which is going to be significant. The best approach is to stay on the sidelines and wait.
If the non-farm payroll data announced at 8:30 PM is positive, BTC could very likely break through 98000 directly. However, after tonight, BTC is unlikely to gain further momentum and may face a significant correction. There’s also an uncertain factor, which is the interest rate meeting on May 8, and no one can predict whether it will be positive or negative, as changes in interest rates have a huge impact on the crypto market.
So, if the non-farm payroll data tonight is positive, and BTC rises, everyone can consider shorting. But where to short specifically will depend on how the major players operate. Right now, BTC feels like it's in its final struggle.
Lastly, let me reiterate, my previous view that BTC will plummet in May hasn’t changed. This short-term rise is just preparation for a significant drop later. Don’t be confused when I say it’s rising one moment and falling the next; that’s because you haven’t understood my point.
Want to double your account? Want to enjoy big profits? Want to recover your losses successfully?
Follow closely and position yourself ahead of the main bull market wave!
