Tonight at 21:30 (Beijing time), the United States will release the December non-farm employment data, which is likely to be a turning point for BTC's short-term trend.



Currently, BTC is at a critical level. From a technical perspective, support is at $89,500, with resistance above at $91,000. Conservative traders can wait and see within this range, awaiting clear signals after the data is released. If you prefer a more active approach, consider a light position for high sell and low buy, but be sure to set strict stop-losses to avoid being trapped.

Three possible scenarios for the non-farm data:

**Weak data** (less than 50,000 jobs added, unemployment rate over 4.6%) — This is positive for BTC. Risk appetite will increase, and BTC may rebound to the $92,000-$94,000 range.

**Strong data** (more than 80,000 jobs added, unemployment rate below 4.4%) — This will put downward pressure on BTC. It may dip near the support at $87,000-$88,000.

**In-line data** — Likely to continue the oscillation between $89,000 and $92,000, with no clear direction in the short term.

Overall, tonight's market movement mainly depends on the US employment data performance. In the short term, trading within the $89,500-$90,500 range is a more pragmatic choice, waiting for data confirmation before making bigger moves.
BTC0,21%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
bobboivip
· 16h ago
Happy New Year! 🤑
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)