This morning I'll be trading #BTCUSD heading into the US Nonfarm Payroll report along with the Unemployment figures. My expectation is to see further dollar weakness following the report as what we saw earlier this week after the JOLTs Jobs Opening report.
If the dollar does weaken, BTC will likely rally. This will give bullish scenario a nice 5:1 Risk to Reward. However, in the event that I'm wrong, I rather not get stopped out on my trade but instead hedge for Long position with a short targeting 25k.