$BTC

After last night's non-farm payrolls, Bitcoin has once again risen to around 97,800. The non-farm data released was 177,000, lower than the previous value but higher than expected, perfectly aligning with the market trend of rising first and then falling.

The key resistance zone above is 98,000-99,000. Those who are familiar with me, Old Xiao, would know that at the end of February, I shorted in the 98,000-99,000 range aiming for below 80,000, focusing on buying the dip below 80,000. Whenever there’s a top-bottom reversal and a change in the major trend, I always timely or even preemptively inform everyone.

For now, I am not sure if 97,800 is the top of this rebound, but at least I currently have no plans to chase long positions. I will wait for a pullback first, and then decide based on the subsequent market movement. The market unfolds step by step, and trades are made one at a time. Both short-term and long-term trades are possible. Whether going long or short is fine as long as there’s volatility, find a good entry position and an appropriate exit position, and a profitable trade is a good trade, regardless of whether it’s a bear market or bull market, or whether it’s going long or short.