Non-Farm Night, and I lost money again.
The employment data came in cold. I thought the big move would break through 87,500, but instead at around 86,500 it poked in a small needle and then started to whipsaw. This level isn’t very high. Shorting it feels like the trend could break out at any moment, so after hesitating for a long time, I didn’t exit—I actually added to my position when it dropped.
Looking back at this upswing: on Friday morning, funds had already been positioned ahead of time. Once the data hit, they smashed it in line with the plan. Non-Farm truly is the hardest kind of night to trade.
As for revisiting the last cycle of BTC’s movement: the 87 mark was tested three times before it finally broke. Now, after the second test, the lowest pullback went below 84,000, and the drop was significant. I think it will take some more grinding time. For the downside, you should have a plan for a move down toward 60,000. The probability isn’t high, but if it happens you need to be able to hold through it. After the correction, chances are it will still need to push to break above 90,000.
My long position is still on. Just be patient and wait for the next breakout. $BTC #BTC走势分析
The employment data came in cold. I thought the big move would break through 87,500, but instead at around 86,500 it poked in a small needle and then started to whipsaw. This level isn’t very high. Shorting it feels like the trend could break out at any moment, so after hesitating for a long time, I didn’t exit—I actually added to my position when it dropped.
Looking back at this upswing: on Friday morning, funds had already been positioned ahead of time. Once the data hit, they smashed it in line with the plan. Non-Farm truly is the hardest kind of night to trade.
As for revisiting the last cycle of BTC’s movement: the 87 mark was tested three times before it finally broke. Now, after the second test, the lowest pullback went below 84,000, and the drop was significant. I think it will take some more grinding time. For the downside, you should have a plan for a move down toward 60,000. The probability isn’t high, but if it happens you need to be able to hold through it. After the correction, chances are it will still need to push to break above 90,000.
My long position is still on. Just be patient and wait for the next breakout. $BTC #BTC走势分析