Thursday's market shows a turning point, with Bitcoin under pressure and pulling back. The market focus is on tomorrow's non-farm employment data.

Yesterday's positive news was released, yet the price actually weakened, reflecting the selling pressure in the market. Bitcoin once retreated to around 90,600. Currently, it is in an adjustment cycle, and the key is to wait for the non-farm data to be released. If economic data further weakens, market expectations for rate cuts will intensify, and this can lead to sharp volatility—sharp spikes up and down are almost unavoidable, and a one-sided trend is a bit of a luxury in the short term.

For existing long positions, the unrealized gains have already diminished, but this is normal. Instead of chasing the candles, it's better to stick to your trading framework. The chasing of highs and lows is like a headless fly bumping around, which is highly inefficient. As long as the price does not break below the daily middle support line, there is no reason to change your approach. Today's strategy is to participate in longs at low points.

From an operational perspective, the 91,000-91,300 region can be considered for gradual positioning, with a target of 93,500. It is recommended to take a light position, leaving enough room for adjustments in case of further volatility.

What the market repeatedly teaches us is that patience often yields better returns than being aggressive. In the few hours before and after the data release, waiting patiently for opportunities is much smarter than rushing to place orders.