Bitcoin Evening Analysis: Non-Farm Night, Bitcoin's High-Level Strategy Is Set

Tonight's Non-Farm Payrolls are highly anticipated, and the overall market is oscillating at high levels. The battle between bulls and bears is very intense. There's no need to blindly allocate heavy positions in advance; patiently wait until the data is released and the trend stabilizes before entering the market. Market volatility is increasing, so remember to reduce leverage and participate cautiously with proper risk management.

Currently, the market has formed strong support around 79,000, with 78,000 being an important core defensive level. The short-term first resistance is at 80,500, and 81,500 is a strong suppression zone. Tonight, follow the non-farm data trend and operate accordingly. If the non-farm data is generally strong, go with the upward momentum and consider shorting at higher levels, with protection above 80,800, targeting the 78,800 to 78,000 range. If the non-farm data is weaker, rely on the support below and go long at lower levels, with protection below 78,500, aiming for rebounds toward 80,500 and up to 81,500.

If the data and market expectations are not significantly different, the market is likely to fluctuate between 79,000 and 80,500, so it's best to stay on the sidelines and avoid frequent trading that consumes energy. Also, pay attention to the impact of wage data: rising wages will increase downward pressure, while weaker wages will open up more space for a rebound. Non-farm nights often see sharp price swings, so avoid blindly chasing highs or lows. Wait for the market to stabilize before making cautious entries, participate with light positions, adhere to risk control principles, avoid going against the trend or adding positions arbitrarily, and follow the overall trend to grasp the rhythm of the evening.

Short positions (Non-Farm strong/negative news)
Entry: 80,200–80,500
Stop-loss: 80,800 (above)
Target 1: 79,000
Target 2: 78,000