The short-term competition is intense. Momentum is slightly slowing down, but it still accompanies the trend line raising the lows, and there is a potential head and shoulders pattern in the small cycle...
Now we need to pay attention to whether the right-side low breaks below 108k. If it maintains this strong volatility during the day, my short position might exit early, after all, repeated temptations can't hold up for long~
Also about last night's non-farm data:
It has dampened the market's expectations for loose monetary policy, and at the same time, the 'Beautiful Big Bill' has basically passed, just waiting for Trump’s signature. The short-term benefits have basically been realized, and the market needs a new topic that can attract enough attention for speculation to have the momentum to completely break into the 110k range.
Today is also quite coincidental, as BTC approaches this round number, it's American Independence Day. The US stock market is closed!
Gambling enthusiasts are betting wildly, guessing high or low, repeatedly getting tricked. There are too many underlying factors pushing it; the current technical patterns feel less effective, so I’ll just continue to lay flat.