After three trading days of decline, BTC has shown signs of stopping the decline in the short term. From the four-hour perspective, BTC hit the $96,000 line strongly, and BTC tested the $91,000 line below again.
I have emphasized many times before that the BTC$91,000 line is the long-short watershed. Once this line is strongly broken through by the four-hour level, BTC will test the $85,000 line below.
From the daily level, after BTC broke through $96,000, I personally think it is difficult to strongly repair this line in the short term. BTC's bullish power has weakened, the market's buying power has been greatly reduced, and the market's bearish sentiment is very serious.
Below, we still pay attention to the long-short watershed of BTC$91,000, and focus on the $85,000 line below.
There will be a US non-farm data report at 9:30 tonight. The day before yesterday, I wrote in my strategic risk control system that if the non-farm data today is positive, then BTC has a 40% chance of pulling up to $96,000, and then testing the $100,000 line again.
But I personally think that even if the data is positive, BTC will forcefully pull over the $96,000 line, and there is a high probability that more than 80% will still fall. Once the trend is formed, it is difficult to change in the short term, especially for financial derivatives like BTC with a market value of tens of trillions of dollars. Beware of BTC's highs and falls. #美国非农数据即将公布