Nonfarm payrolls came in below expectations, BTC surged, but this is actually the moment that tests one's mindset the most.

Many people's first reaction upon seeing bullish data is to chase.
But what the market loves to do most is to wash out when everyone's emotions just start to heat up.
Around 57700 is the short-term low of this wave, around 60000 is the emotional watershed, and now it has rebounded above 62000, the short-term indeed looks better than before.
But if 62000 cannot hold, and it falls back to around 60000 later, those who chased will feel uncomfortable again.
Personally, I won't rush to chase when emotions are at their peak.
Data can change short-term sentiment, but whether it can truly strengthen depends on whether the retracement can hold. #btc