Don't rush to short BTC!
Tonight could be a big scene, BTC has already surged to 97400, just a step away from my target of 98000. The market is now fluctuating around 97000, clearly waiting for the non-farm payroll data to be released at 8:30 PM tonight—opening positions at such a critical moment is just handing over your head to the big players!
Have you noticed? Before every important data release, the market seems to be wildly fluctuating. If tonight's major non-farm data is favorable, BTC could easily shoot back up, and 98000 might not even be able to hold it back. But after tonight, this wave of increase is likely to come to an end, and a significant correction is expected afterward. However, there’s another variable—the Federal Reserve's meeting on May 8, which could truly shake things up; guessing whether it will rise or fall is purely fortune-telling!
So the smartest move right now is: keep your hands off! Wait until the non-farm data is released tonight, and if it really rallies, then look for an opportunity to open a short position. Where to short will depend on how the main players operate, after all, BTC is already at the end of its tether, just a final frenzy. Remember, at such critical points, surviving is more important than making money—don't wait until you get liquidated to regret not heeding the advice!
