Tonight's Non-Farm Payrolls are approaching, mainly bearish; if the data exceeds expectations, there will be a sharp decline, if below expectations, only a small rebound.

Tonight's Non-Farm Payrolls are mainly bearish, with technicals showing high-level stagnation, and fundamentals indicating strong employment resilience. If the data exceeds expectations, there will be a big drop; if below expectations, only a small rebound, making it difficult to change the oscillating pattern.

From a technical perspective: high-level stagnation, bulls are losing strength, key zone: 780-820, the 80,000 level has shifted from support to resistance. Short-term structure: daily MACD death cross, volume-price divergence, rebound with low volume, bears are favored.
First support: 780, if broken, look at 750-770.
First resistance: 810-820, only consider bullish if volume increases and it stabilizes above this level.

Jingyi's forecast: The probability of a bearish Non-Farm Payrolls is high. ADP exceeding expectations + heavy selling pressure at high levels + weak bullish momentum, if the data meets or exceeds expectations, it is likely to break downward.

Trading suggestions:
Bitcoin: Rebound near 808-815, open short positions, target 795-775