🔥Focus on these two signals: New anchors in the crypto market after non-farm payrolls
🔥After the non-farm data is released, stop worrying about how much it has dropped in the past, focus on the 'direction signals' for the future
🔥Two points must be closely monitored:
🔥1. Bitcoin's support at the 78,000 yearly line. This is the 'last defense line' for this year's market. If it breaks, it indicates that market pessimism about liquidity has reached its peak, and a deeper correction may follow; if it holds, there is a possibility of entering a consolidation phase.
🔥2. Institutional capital movements; in the crypto market, if you see the amount of BTC withdrawals from exchanges increasing and stablecoins no longer being issued frantically, that is a signal that panic sentiment is cooling off; otherwise, you still have to endure.
🔥In the short term, still be cautious and do not expect a major rebound; stabilizing key levels is already fortunate.
In trading, focusing on 'defense' is definitely the right approach.
🔥Be especially careful before the weekend; wait until it 'drops thoroughly' before making stronger positions.
