Non-farm data is favorable, Bitcoin rises and then falls. Sister Ying perfectly predicted the bullish trend, successfully capturing a thousand-point space with long positions. She then emphasized that as long as it doesn't break 98,000, short positions can be taken. This wave of high-position trading once again captured over a thousand-point space.
Bitcoin, recently showing a strong bullish trend, once tested the 98,000 mark under the boost of favorable non-farm data. Unfortunately, the bullish momentum did not continue. On the contrary, during the May Day holiday and the weekend market, it experienced a downward trend. The bulls received a buffer, which is a good thing for the market. Next, we will see the support situation at 95,000.
From mid-April to early May, Bitcoin surged over 20,000 points. Sister Ying believes this wave of bullish momentum will be released, gradually turning into a counterattack situation for the market. After all, the impact of non-farm data is limited, and with the Federal Reserve's interest rates remaining unchanged in May, it is a foregone conclusion.
At this stage, although the bulls hold an advantage, Sister Ying believes that one should not blindly chase long positions. Even shorting at high positions is relatively more stable than shorting at low positions. Even if the market has recently surged, as long as the entry point for the market is just right, one can still make a turnaround. The focus in the current phase until dawn is on the support situation at 95,000. If it breaks down, we will continue to look downward.