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Non-farm payrolls perfectly grasp the trap-up market, steadily harvesting short positions throughout
Today, Bitcoin overall shows a volatile and weak bearish pattern, and after the release of the non-farm data tonight, the market exhibits a typical rebound followed by a decline trap-up pattern. The market first dips to a support level of 79137, then, stimulated by news, quickly rises to a high of 80478, then faces resistance and falls back, maintaining a range-bound tug-of-war pattern throughout the day. The lower Bollinger Band is flat, and the upper band is pressured downward, with bearish momentum continuing to dominate. This rebound is only a technical correction during the decline and has not formed an effective reversal signal. The overall main trend remains a sideways downward movement. All four short positions were successfully executed, precisely timing the bearish momentum: early morning short positions gained 600 points, early morning short positions gained 700 points, and early morning Ethereum short positions steadily realized short-term profits. In the afternoon, the market rapidly surged, increasing bullish and bearish divergence, and bullish sentiment warmed up. I still adhere to the market structure and volume momentum logic, maintaining a consistently bearish outlook. After tonight’s non-farm data release, the short positions again gained over 800 points, relying entirely on the core logic of high-level resistance, completing a full cycle of steady positive returns.
Tonight, Bitcoin’s 1-hour cycle shows a rebound and decline pattern driven by news and technical correction: the price fell from the high of 80478 to around 79208 support. Currently, it is bouncing back due to short-term buying, but overall it remains within a bearish dominant oscillating downward channel. The rebound has not broken through key resistance, only a weak correction during the decline, with the bearish trend unchanged and still bearish.
Trading suggestions:
Look short around 80300-80500 for Bitcoin, targeting around 79000
Look short around 2310-2330 for Ethereum, targeting around 2270