After experiencing a sustained bullish surge, Bitcoin faced a rapid downturn on Tuesday this week, with prices dipping to the 92,500 level, resulting in a decline of 10,000 points. This fluctuation resembles a carefully orchestrated game.

Since Bitcoin broke through 100,000 after the U.S. election on November 5, the 90,000 level has not been effectively breached. Although this level is not unbreakable, repeated attacks from bears have faced strong resistance from bulls. Thus, whenever the price dips to this level, it presents a good opportunity for short positions to exit, while also allowing for attempts to go long at lower prices, waiting to exit in a timely manner once prices rise.

As the non-farm data approaches, the Bitcoin market is about to transition from a trend-driven phase into a script-driven phase full of uncertainties. How the non-farm market unfolds depends crucially on the positioning strategy of the main players in the white market over the next couple of days. Currently, Bitcoin's retracement has not fully reached the expected target, and we are patiently waiting for this crucial last step.

At present, Bitcoin faces resistance in the 96,000 - 97,000 range above, while support lies in the 92,000 - 91,000 range below. Even if one is bearish on the market, it is important not to blindly enter short positions, as the market can change unpredictably. One moment, it may appear strong; the next moment, it could plummet. Both bullish and bearish trends lack sufficient continuity. In such circumstances, falling into the trap of buying high and selling low can lead to irretrievable losses.

It is particularly important to note that, although there are expectations of a periodic high in the market, there has not yet been a clear signal to indicate this. Therefore, we should not blindly speculate, fantasize, or predict market trends, but rather focus on capturing those clear, visible, and actionable trading opportunities. We must not rush to pick a top; intraday operations should primarily focus on short-term strategies. Whether prices rise or fall, it is essential to decisively and timely take profits or cut losses to ensure the safety of one's funds and to respond flexibly to this rapidly changing market environment.