Tonight at 21:30 (Beijing Time), the US will release December non-farm employment data, which is likely to become a turning point for BTC's short-term trend.
BTC is currently at a critical position. From a technical perspective, support is at 89500 USD, with resistance above at 91000 USD. Conservative traders can observe within this range and wait for clear signals after the data is released. If you tend to be more aggressive, you can consider light position strategies of buying dips and selling rallies, but be sure to set strict stop-losses to avoid being trapped.
Three possible scenarios for non-farm data:
**Weak data** (employment less than 50k, unemployment rate above 4.6%) — This is bullish for BTC. Risk appetite will increase, and BTC may rebound to the 92000-94000 USD range.
**Strong data** (employment above 80k, unemployment rate below 4.4%) — This will pressure BTC. It may test support near 87000-88000 USD.
**Data meets expectations** — Likely to continue the 89000-92000 USD oscillation pattern with no clear direction in the short term.
Overall, tonight's market action will mainly depend on the US employment data performance. Trading within the 89500-90500 range in the short term is a relatively pragmatic choice, waiting for data confirmation before making bigger moves.
Tonight at 21:30 (Beijing Time), the US will release December non-farm employment data, which is likely to become a turning point for BTC's short-term trend.
BTC is currently at a critical position. From a technical perspective, support is at 89500 USD, with resistance above at 91000 USD. Conservative traders can observe within this range and wait for clear signals after the data is released. If you tend to be more aggressive, you can consider light position strategies of buying dips and selling rallies, but be sure to set strict stop-losses to avoid being trapped.
Three possible scenarios for non-farm data:
**Weak data** (employment less than 50k, unemployment rate above 4.6%) — This is bullish for BTC. Risk appetite will increase, and BTC may rebound to the 92000-94000 USD range.
**Strong data** (employment above 80k, unemployment rate below 4.4%) — This will pressure BTC. It may test support near 87000-88000 USD.
**Data meets expectations** — Likely to continue the 89000-92000 USD oscillation pattern with no clear direction in the short term.
Overall, tonight's market action will mainly depend on the US employment data performance. Trading within the 89500-90500 range in the short term is a relatively pragmatic choice, waiting for data confirmation before making bigger moves.