#大户持仓变化 Emotions and technology are in a tug-of-war. Can Bitcoin break through the key levels? Tonight’s non-farm payroll data could be a turning point.

The data over the past two weeks is interesting. Spot ETF fund inflows are still showing little sign of improvement, and major institutions have yet to make any moves. Although the 100th week recorded a net inflow of 3124 $BTC , when compared to the entire market size, it’s barely noticeable. The capital market is still predominantly dealing with existing funds, and the effect of new capital has not yet arrived.

From the daily chart perspective, Bitcoin has been consolidating with oscillations. Given that macro sentiment is unstable and there are no new developments in capital flow, whether technical support and resistance lines can hold remains uncertain.

How to view short-term prospects? Bitcoin is repeatedly testing the key support zone around 84,800-84,200. If the price stabilizes in this range, a rebound towards 87,000-88,200 could very well open up. The four-hour candlestick chart currently shows a range-bound oscillation — neither bulls nor bears have strong dominance, with prices moving back and forth between support and resistance levels. In the short term, continued hesitation is likely.

Trading references:
Near 84,800-84,200, consider trying to go long with a target of 86,000-86,500
Near 88,100-88,500, consider trying to go short with a target of 86,500-86,000

Keep an eye on $BTC, $ETH, $SOL. Tonight’s non-farm payroll data might break this deadlock and change the rhythm.