This Friday at 20:30, the U.S. March Non-Farm Payrolls will be released. The release coincides with Good Friday, so the U.S. stock and bond markets will be closed, and overall liquidity will be significantly lower. In such an environment, market reactions to the data are likely to be amplified, with prices prone to rapid spikes, flash crashes, and sharp swings—high volatility but short-lived. The risks of chasing gains or cutting losses are very high.

Currently, the core drivers of BTC are the high-interest-rate environment, ETF capital flows, halving expectations, and geopolitical risk sentiment. These main themes are unlikely to change drastically because of a single Non-Farm report. The Non-Farm data is more of a short-term emotional catalyst, likely to cause intense short-term fluctuations, but it’s unlikely to fundamentally reverse BTC’s existing long-term trend.

In terms of trading, it’s more suitable for quick in-and-out moves. Heavy positions betting on a one-sided trend are not recommended.
Key support level: 65,000
Key resistance level: 70,000
Regardless of whether the market moves up or down after the data release, as long as the support isn’t broken or resistance isn’t surpassed, it’s best to view the market as oscillating. #加密市场行情震荡 $BTC