$BTC $XRP $SOL Bitcoin is not in a hurry to short
Tonight might be the big showdown
Today BTC has broken through to around 97400, 600 dollars away from my initial prediction of 98000. Currently, BTC is consolidating around 97000, and at this position of 97000, don't rush to short, because there is a very important data coming tonight, which is the non-farm payroll data. We all know that when many news come, there are often sharp fluctuations, not to mention tonight is a major non-farm event. The best approach in this situation is to stay in cash and wait. If tonight's major non-farm data at 8:30 PM is positive, BTC is very likely to continue breaking upwards, and 98000 should also be broken. After tonight, the upward momentum of BTC will weaken, and a major adjustment will follow. Of course, there is also an uncontrollable factor in between, which is the May 8 interest rate meeting. This is an immeasurable factor because it is uncertain whether it is positive or negative, as interest rate cuts or no cuts will affect the trend of the entire crypto market. So this point cannot be predicted.
If the major non-farm data is released and is positive tonight, after the rally, one can start considering positioning short orders. However, where exactly to short is uncertain and will depend on the intentions of the main forces. But now BTC seems to be at the end of its rope, it is the last struggle.
Finally, to clarify my viewpoint: the viewpoint of a major drop in May has not changed. The current short-term rally is preparing for a major drop later. Don't say you're bullish one moment and bearish the next; you just don't understand my post. Also, keep an eye on Trump's hero dog Conan, as many institutions are optimistic and are lurking, want to join?
