After the non-farm payroll data is released tonight, the current price trend of BTC may present three scenarios:
One is that the non-farm payroll data exceeds expectations, leading to a decline in future interest rate cut expectations, which is bearish. The upward trend of BTC is interrupted, and it continues to fall.
Another is that the non-farm payroll data meets expectations, with no change in future interest rate cut expectations, resulting in neither bullish nor bearish sentiments, and BTC price slightly declines. After testing support, it still maintains the upward breakout from this morning.
The last scenario is that the non-farm payroll data is worse than expected, leading to an increase in future interest rate cut expectations, which is bullish, and the upward trend of BTC strengthens.
Overall, BTC is warming up, and the chances of a positive outcome are relatively high.