$BTC

Non-farm data exceeded expectations, and the correction of the big cake was temporarily curbed❗

The non-farm data for September was released, exceeding expectations. The number of new jobs was twice the market expectation. Obviously, this is the Fed competing with me. Even the unemployment rate has dropped, which is beyond all market expectations. Therefore, a simple inference is in front of us. The Fed seems to have achieved the once unattainable expectation-a soft landing.

So we see that the big cake has stopped its decline. It was originally going to go all the way down and rush to 58,000 points, but now it has begun to stabilize and is around 62,000. This is really an embarrassing range. Because we can neither increase our positions nor reduce our positions in this place.

The market sentiment is exactly the same as us. Today's market panic greed index has reached 49, which is in the middle position, which seems to support our current wait-and-see attitude.

If Bitcoin breaks through 63,500, that is, breaks through the MA120 moving average, it means that Bitcoin is bullish, and we have enough confidence to increase our positions. Or if Bitcoin is suppressed downward and falls below 60,000 points, then we can also increase our positions at 58,000!

However, at this stage, as a bull, I would rather see Bitcoin break through 63,500 and soar into the sky🚀