BTC is currently in a sideways consolidation pattern. The rebound momentum near 58000 was severely insufficient earlier, and the price is trapped in a range of 59000 to 60000, fluctuating back and forth.

The current operation has very low fault tolerance: chasing longs easily leads to being trapped by a pullback after a weak rebound, while shorting faces the risk of a reverse rally supported by the 58000 level!

Core key range on the chart: 58500-59500 forms the bottom defense zone, with upper resistance concentrated at 61500-62500! Only when the price firmly holds above the 61500-62500 resistance zone will short-term bullish conditions be triggered; if it continues to face downward pressure, the current consolidation is merely a brief rest during the downtrend! Once it effectively breaks below 58000 and fails to quickly recover, a new round of deep washout decline will begin!

The non-farm payroll data is about to be released. In the short term, the phenomenon of price spikes hitting stop-losses will increase significantly. Do not pre-judge a unilateral bullish or bearish trend; wait for the price to effectively break through the range before following the trend to position! #非农 $BTC ‌