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🚨Tonight at 21:30, five-star data release
Current structure: Bears still dominate, short-term weak correction possible, but limited in strength. The strategy remains “rebound and short.”
Key levels:
- Resistance: 86500 / 87000 / 87500, strong resistance at 88100-89000
- Support: 85500 (critical); if broken, next support at 84700, further break likely to test 81000; in extreme cases, before the end of the month, testing the major support zone at 76000-74000
Various indicators show no clear bottom signals, still leaning bearish.
Market characteristics: Asian session has low volume, high uncertainty. Early longs are mostly exhausted on the 1H indicator recovery; during the day, as long as 85500 is not broken, expect a small rebound testing upper resistance. If the rebound cannot surpass resistance, it presents a high-altitude shorting opportunity; keep positions light, operate in batches, strictly set stop-loss outside the integer levels with minor adjustments.
Important reminder: Tonight at 21:30, Non-Farm Payrolls data will be released. Volatility will be high. Be sure to implement risk control in advance, keep positions light, or avoid holding during the data release!
Quick judgment on Non-Farm Payrolls:
- Actual < Expectations (market consensus around 120k), bullish for BTC
- Actual > Expectations, bearish for BTC
- Unemployment rate > 4.4%, bullish for BTC
- Unemployment rate < 4.4%, bearish for BTC
If both data points move in the same direction, the signal is stronger; if one is bullish and the other bearish, expect initial volatility, then watch the performance of US stocks before making further decisions.
Overall, the strategy remains rebound and short, manage risks well, stay steady, and don’t rush!
If you have questions, feel free to discuss. Wishing everyone smooth trading! 🚀