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Thursday, Bitcoin came under pressure and retreated, with the market focusing on tomorrow's non-farm payroll data.
Yesterday's positive data did not lead to a rise but instead declined, reflecting a strong selling pressure. Bitcoin dropped to around 90,600. Currently, it remains in a correction phase. Be patient and wait for tomorrow's non-farm employment report. If the data further weakens and reinforces expectations of rate cuts, it could trigger intense volatility. Fluctuations up and down are inevitable, and a one-sided trend is difficult to sustain.
Our long-term long positions have been maintained all along. Currently, all profits have been wiped out, which is understandable. We won't blindly chase the market. It's impossible to chase longs when prices rise or chase shorts when prices fall, like a headless fly. As long as the daily middle support line is not broken, I will stick to my strategy. Today, I will participate with low leverage long positions.
Bitcoin: Suggest going long in the 91,000-91,300 region, target 93,500, with light positions and reserved capacity.
A seasoned veteran of eight years, a witness to the alternation of bull and bear markets, fighting alone is less effective than walking with the light. Buddha guides those with fate, only waiting for the dedicated.