Friday evening, immortal-level clashes. At 20:30, the Non-Farm Employment data plus the Clarity encryption bill. Jingyi gets straight to the point: the highly anticipated employment data—if the released figure is strong, it will strengthen expectations of further Fed rate hikes and weigh on the coin price; if employment weakens, it will favor an upward move in the market. The market’s estimated probability for the encryption bill is only 30%, so the outcome will most likely be bearish. However, if the Non-Farm report turns out strong, the bearish impact may get absorbed, and the market could surge hard. There are many news catalysts, so position control is key.

BTC faces resistance at 655, 670, and support at 645, 633, 624. Before the data is released, stay put—don’t get whipsawed. Aggressive traders can set short positions around the resistance levels, and keep leverage low—trade lightly.