$TLM Within 24 hours, the price violently surged by 82%. Early this morning, the Fed minutes were clearly hawkish; ahead of the Non-Farm Payrolls, crypto directly ignored the stronger dollar. Quantitatively, the 30-day correlation between BTC and the Nasdaq has slipped to 0.21, indicating that institutions are shifting from risk-on trading to independent moves. This TLM leg is tracking a move in the commodities side—copper futures. Copper’s recent daily volatility has jumped 40%. TLM also saw a surge in volume and broke through the 0.002 resistance level in sync; the short-term price-volume divergence is very obvious.

At 0.0024, chasing longs has low cost-effectiveness, and it’s not easy to place a stop-loss. If you’re a short-term trading expert, on a pullback to the 0.0020–0.0022 range, enter with a small position, with a stop-loss set at 0.0018. The first target is to watch the previous high at 0.0026. Don’t let position size exceed 5%. Focus on spot positions; don’t touch leverage. This rally is too rushed and is prone to wicks. If your holding cost is low, stay steady and take profit in batches.

Don’t just look at the order book—macro direction can flip instantly. If tomorrow’s Non-Farm Payrolls comes in hotter than expected, the dollar and gold will immediately suppress risk assets. I’m Lao K, a risk-control trader. I only trade high-odds ranges and I don’t chase one-way moves.