📌 BTC 3/7 - 5/7: The weekend could easily see a double-sided sweep...
Yesterday, BTC had a fairly good rebound after the NFP news, rising from the 60k area to around 61k-62k. As I mentioned in yesterday’s post, if it reclaims 60k8-61k2, it will reduce the priority of shorts, and the rebound could extend to 62k5-64k.
Right now, BTC has reclaimed the 60k8-61k2 zone, so the short-term outlook is more positive. The H1-H4-H12-1D timeframes are building up again quite well. Currently, there’s a reaction at the 62k key level, but the swing still isn’t leaning toward a SHORT.
The most important news is that last night’s US NFP came in weaker than expected. The US added only about 57k jobs, below the 110k forecast, and unemployment stayed at 4.2%. This data reduces concerns about the Fed raising interest rates further, giving BTC a reason to rebound.
However, from today until 5/7, the US market is off for the National Day holiday. US stocks are closed, traditional liquidity is thin, while crypto still runs 24/7. This is exactly the kind of weekend where a double sweep can easily happen—especially since BTC has just bounced up toward nearby resistance.
📈 Current strategy:
I’m not prioritizing strong shorts as much as in the past few days. If BTC holds above 60k8-61k2, then I’ll prioritize buying on pullbacks during the M5-M15 rebounds to ride the H1-H4 trend, with the near target around 62k5-64k.
But if BTC loses 60k8 again, be careful—because then the reclaim could turn into a bull trap. At that point, price may get pulled back to 59k-58k8, and even deeper to 56k-55k if selling pressure returns.
Shorts can still be traded, but only as quick scalps when BTC reaches 62k5-64k and the move is weak, unable to hold the new highs.
👉 Main view: If 60k8-61k2 is held, there’s still room for another rebound. If that zone is lost, then close up and wrap it (bỉm).
Live later at 15:00. Anyone who hasn’t joined my group chat yet, check the pinned post at the top!
Yesterday, BTC had a fairly good rebound after the NFP news, rising from the 60k area to around 61k-62k. As I mentioned in yesterday’s post, if it reclaims 60k8-61k2, it will reduce the priority of shorts, and the rebound could extend to 62k5-64k.
Right now, BTC has reclaimed the 60k8-61k2 zone, so the short-term outlook is more positive. The H1-H4-H12-1D timeframes are building up again quite well. Currently, there’s a reaction at the 62k key level, but the swing still isn’t leaning toward a SHORT.
The most important news is that last night’s US NFP came in weaker than expected. The US added only about 57k jobs, below the 110k forecast, and unemployment stayed at 4.2%. This data reduces concerns about the Fed raising interest rates further, giving BTC a reason to rebound.
However, from today until 5/7, the US market is off for the National Day holiday. US stocks are closed, traditional liquidity is thin, while crypto still runs 24/7. This is exactly the kind of weekend where a double sweep can easily happen—especially since BTC has just bounced up toward nearby resistance.
📈 Current strategy:
I’m not prioritizing strong shorts as much as in the past few days. If BTC holds above 60k8-61k2, then I’ll prioritize buying on pullbacks during the M5-M15 rebounds to ride the H1-H4 trend, with the near target around 62k5-64k.
But if BTC loses 60k8 again, be careful—because then the reclaim could turn into a bull trap. At that point, price may get pulled back to 59k-58k8, and even deeper to 56k-55k if selling pressure returns.
Shorts can still be traded, but only as quick scalps when BTC reaches 62k5-64k and the move is weak, unable to hold the new highs.
👉 Main view: If 60k8-61k2 is held, there’s still room for another rebound. If that zone is lost, then close up and wrap it (bỉm).
Live later at 15:00. Anyone who hasn’t joined my group chat yet, check the pinned post at the top!