Although I haven't been able to use my computer in the meantime, the trend is as I expected. Although the non-farm payroll data is not favorable for interest rate cuts, it is beneficial for the U.S. economy, which is still quite far from recession. Additionally, since strong employment data was already anticipated on Tuesday, and there was risk aversion on Wednesday and Thursday, this data, while not good, is still acceptable.

Many friends say that a strong economy is a good thing, which is why #BTC rebounded, but in reality, the U.S. stock market is not doing well, with significant declines today. Although there were some rebounds, the overall trend is not very optimistic. Personally, I think BTC's reaction is partly because it has fallen more, as BTC has been down for a day longer than U.S. stocks, making it easier for the market sentiment to recover and rebound.

Moreover, it is important to note that the U.S. dollar index continues to approach 110, which is a high from 2022. This indicates that investors' risk appetite is decreasing. However, the reason I remain optimistic is that with each passing day, we get closer to the transition of power, and market expectations will improve. This expectation can temporarily overshadow all unfavorable macro data.

Tomorrow is the weekend, and if #Bitcoin can continue to rise during low liquidity, it is very likely to drive altcoins up as well, and then we will have to wait until Monday to see if there will be a pullback.

My personal view remains that we will see a wide range of fluctuations around $95,000, and this situation may last for a few more days.

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