Being too hasty may not necessarily be a good thing! After the short selling of $1.7 billion, tonight's non farm payroll is the real test

BTC stands at $80000 again. As of now, BTC is trading at $80917, up 4.69% in 24 hours; ETH reported $2505, up 5.01%; SOL increased by 3.47%. The mainstream altcoins such as DOGE, ADA, XRP are strengthening synchronously, and market sentiment is clearly recovering. Behind this round of rise, short covering is an important driving force. In the past 24 hours, there have been approximately $2.01 billion in net liquidation, of which $1.7 billion were short positions, accounting for over 80%. At the same time, BTC recorded a net inflow of $3.42 billion, ETH a net inflow of $990 million, and funds returned to mainstream assets. Emotional indicators are also rapidly rising. The Panic Greed Index has risen from 65 to 74, entering the Greed Zone within a day This indicates a significant increase in market risk appetite, but short-term chasing sentiment is also rapidly accumulating. From an analysis perspective, this round of rebound is mainly driven by three factors: firstly, the ongoing tension between the US and Iran, and the market's renewed focus on the narrative of Bitcoin's "digital gold"; Secondly, the US spot BTC ETF has resumed net inflows, and funds continue to concentrate on BTC; Thirdly, BTC received sustained support from the Whale around $77000, providing support for the rebound. However, the August non farm payroll data released tonight at 20:30 is still the biggest short-term variable. If the employment data is stronger than expected, the US dollar may strengthen and the cryptocurrency market may experience a rebound; If the data is weak and the market's expectations of easing heat up, BTC has the opportunity to further challenge $83000. Three price warnings can be set as key points for short-term trading: *80500-81500 USD: The current top pressure zone, observe whether it can effectively stabilize. *83000 US dollars: an important supply area above, difficult to break through. *77000-77500 USD: The first support area, if it rebounds and stabilizes, the trend is still expected to continue. At present, the market has switched from horizontal consolidation to a volume rebound, but after the rapid rise of sentiment and concentrated short selling, the volatility may also increase synchronously. Before the landing of non farm payroll data, controlling positions and avoiding chasing high prices are still strategies worth paying attention to. Risk Warning: The above content is only for market information sharing and data analysis, and does not constitute any investment advice.