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If tonight's non-farm payrolls surprise to the downside, BTC could directly stage a "big counterattack"
The market now looks a lot like waiting for the lottery results.
Everyone is watching tonight's non-farm payroll.
Because the current market core is no longer technical analysis, but:
"When will the Federal Reserve admit defeat?"
If non-farm payrolls are weak, the market will instantly think:
The U.S. economy is cooling down, and the Federal Reserve must consider cutting interest rates.
At that point, BTC and tech stocks in the U.S. stock market could rebound.
And if the data is too strong, it means the U.S. economy is still very resilient. Powell will continue to be tough:
"No rush, let's observe a bit more."
Then short-term pressure on BTC will continue to increase.
Many people are now ignoring an important point:
War itself may not be BTC's biggest enemy.
The real enemy is "long-term high interest rates."
Because high interest rates will drain global liquidity, and BTC relies heavily on liquidity.
Currently, I believe BTC returning to above 80k is not a problem, but the pace could be very torturous.
In the next few days in the crypto world, it is highly likely to be:
Big drops during the day, sharp rallies at night;
Retail investors get liquidated, institutions scoop the bottom.