Before Non-Farm Payrolls, Bitcoin briefly dipped below 70,000. Will evening data be bullish or bearish?

First, the decline from 74,000 was due to safe-haven demand caused by the Middle East situation, but its influence is diminishing. Bitcoin's resilience to decline is relatively strong, unless the safe-haven sentiment expands further.

Second, the February Non-Farm Payrolls number was 13, which is significantly bullish, while today's forecast is 5.9, with the actual release being X.

If the data is close to 5.9, the impact won't be significant, but compared to the previous value, it would be bullish. If the data approaches 10 and still shows strong performance, it remains bullish.

However, Sister Ying believes the final data should be close to 5.9. The market trend is likely to first decline and then rise, with a rapid spike and rebound possible.

Therefore, we still plan to buy in the 69,200-69,800 range or place orders ourselves.

As for the stance, you can look for positions to place orders between 1980-2020, all for routine defense, beware of trend reversals. $BTC