The trend of BTC is proceeding as expected.


Everything is under control.
After the release of the non-farm payroll, the upward momentum of BTC will weaken, and a pullback will begin to occur. Everything is currently within my prediction range. BTC has pulled back from around 97800 to about 95500, and it has already pulled back around 2300 USD. Of course, this pullback is far from over. My prediction is that the first round of pullback should be around 10000 USD, specifically around 88000-89000. Of course, the pullback will not happen all at once; it will be accompanied by sideways trading and profit-taking. For example, sideways trading and profit-taking around 97800-95000 will last for a few days, and once it is mostly done, a significant pullback will start.
If BTC is to rebound with a low long position, it will pull back to around 95000 to find support for the rebound. Currently, BTC has dropped to around 95500 and has rebounded by nearly 1000 dollars, which aligns with my expectations.
So how to operate the next order more safely? If you still want to go long at a low price, you can wait until BTC reaches around 94700-95000 to see if it holds. If it holds, you can go long at a lower price, and then when it rebounds above 97000, you can open a short position. You can do this back and forth for a few days and potentially make some profit. Next, just patiently wait for the May 8th interest rate meeting, as the subsequent trend is very critical.
BTC-4.72%
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