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Due to previous tax issues and Middle East tensions suppressing the market, followed by the "Non-Farm" payroll report's big test, Bitcoin remained under pressure and declined again, testing the 70,000 level.
The day before, it hovered around 73,300, and around 72,000, with both levels accumulating over 3,000 points. Unfortunately, it finally exited around 71,500 to break even, but overall, the outlook remains optimistic.
There was no significant fluctuation in the approach, mainly looking at a correction within the 70,500-74,000 range. However, intraday, it maintained a high-level adjustment, and after the US stock market, it declined downward, making the last position very passive. Fortunately, the exit was timely.
The 70,000 level has become a key battleground at the end of this week. Whether the rebound trend is fleeting or a consolidation phase will be guided by the Non-Farm report, but Sister Ying still remains optimistic about the positive impact of the Non-Farm data.
If the Asian and European markets hold steady above 70,000, consider buying on dips. If a correction occurs, it can fall back to the 69,200-69,800 range for further accumulation, with Ethereum moving in sync. $BTC