Bitcoin is currently consolidating in a narrow range. Thanks to yesterday’s strong non-farm data, the short-term trading momentum has rebounded and broken through the 62,000 level, with a high reaching around 62,200.

When many people see the data come in strong, their first reaction is, no matter the highs and lows, to chase longs. But the one thing the market likes to do most is to flush a wave right when everyone’s emotions have just started to rise.

Around 57,700 is the low point of this short-term move, and around 60,000 is the emotional turning point. Yesterday it rebounded again and went back above 62,000, so in the short run it does seem a bit better than before.

But if 62,000 cannot hold steady, and later it drops back down toward 60,000, those who chased in will feel very uncomfortable.

So in the short term, 62,000 is still in a strong pressure zone. And yesterday I also kept saying that 62,000 is unlikely to hold in the short term—if price rallies, when you encounter higher levels, then go short! The same applies today: just short at the rebound highs!

Method: short at 61,800, add to the short at 62,200, target 60,200-59,600#非农爆冷打压加息预期