Bad news from non-farm payrolls but a sharp drop? We've been hit hard with another lesson, brothers. Do you understand this market now?

Non-farm data, a super bullish signal.
And what happened? The price didn't rise but instead fell, dropping straight from 74,000.

This is the classic script: buy the rumor, sell the fact.

Before the non-farm report, Bitcoin surged from 67,400 all the way to 74,000. This over 6,000-point increase already front-loaded expectations of rate cuts. Once the data was released, what were the whales and institutions thinking? Not to keep pushing up, but to quickly run, take profits, and avoid holding positions over the weekend with fear and uncertainty.

So you see, good news is used to smash the market, not to pump it.

Let's review the chart:
On the daily chart, the mid-term bullish structure has been broken, now entering a sideways downward phase. The price broke below the MA20 and EMA30, lying beneath all short-term moving averages, with lower highs — a clear downtrend.

The 4-hour chart is even clearer: moving averages are in a bearish alignment, and rebounds are being suppressed. MACD is below the zero line, although the green bars are shortening and downward momentum is weakening, a reversal is still early.

But here’s the key point: risk warning.
RSI has already fallen to 25-30, entering oversold territory. What does this mean? A short-term rebound is very likely.

Brothers chasing shorts now, beware of being hit by a rebound. Increasing volume on declines and decreasing volume on rebounds indicate selling pressure is still there, buying is insufficient, and the wave of shorting is clear. But after an oversold condition, a rebound is inevitable — that’s the iron law.

Tonight and tomorrow, keep a close eye on the 66,500 level. Hold it, and there will be a rebound; break below, and it’s further south.

In terms of strategy, don’t panic sell in fear, and don’t chase highs during rebounds. Waiting is the best approach right now.