LinSenBit

This weekend, the market movement was quite predictable—just a downward fluctuation, making short positions feel pretty comfortable.
Now that a new week has begun, let's see what signals the market is giving:
Daily Chart:
Continuous bearish candles, forming a textbook downtrend—higher highs and lower lows. It's like someone running and each step is shorter than the last, making it hard to lift your head.
The MACD has formed a death cross, with the green bars still expanding, indicating the downward momentum hasn't fully exhausted itself. RSI is between 35-40, still in the weak zone, far from o

Weekend market finally stopped crashing wildly and returned to a sideways, frustrating grind! Let's get straight to the point: the major bearish trend remains unchanged — the daily high was hit with a long bearish candle, breaking below the key support around 69,000. Now the highs are getting lower and lower, clearly indicating a downtrend; the 4-hour chart also broke below 69,500, fluctuating between 66,500 and 68,500, forming a definite downward channel.
However, there is a short-term recovery opportunity — the MACD below the zero line shows the green bars are shortening, and a golden cross

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,

The recent market movements are like a trapped beast thrashing back and forth in a cage—pushing up near 70,000, then dropping down around 65,000, unable to break free.
The daily chart's overall trend is quite clear: the bears are firmly holding the head. The 5-day, 10-day, and 20-day moving averages are all trending downward, with the price being pressed firmly below. At such times, any rebound should be approached with caution, as it’s likely a trap to lure in more buyers, building strength for the next decline.
The 4-hour chart is even clearer: a standard downward channel, with the upper bou