Bitcoin, even more bearish than Non-Farm Payrolls, cannot be bottomed out yet.

After fluctuating last night, it continues to move sideways, with the rally stopping at the 90,000 level. Today, before the Non-Farm Payrolls report, there’s unlikely to be a significant move, and the possibility of breaking above the previous high is also small. Intraday, consider shorting on rebounds first, and beware that today’s market may continue its trend, so avoid chasing highs easily.

Short around 86,300, leaving room for averaging down, with a target of 83,000.