Did you get a harsh lesson again last night? Brothers, this market, do you understand it?

This is the classic "buy the rumor, sell the fact" script in the crypto world. Before the non-farm payrolls, Bitcoin surged from 67,400 all the way to 74,000. This over 6,000-point increase already fully priced in the expectation of interest rate cuts. When the data was released, what was the big whale thinking? Not to continue pushing up, but to quickly run—take profits and cash out. No one wants to hold positions over the weekend, fearing the worst.

So you see, good news is used to dump, not to pump.

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The market structure has already changed:

On the daily chart, the medium-term bullish structure has been broken, and we are now officially in a sideways downward phase. The price broke below the MA20 and EMA30, lying below all short-term moving averages, with lower highs—this is a clear sign of a downtrend.

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

The only thing worth noting is:

The RSI has dropped to the 25-30 range, entering oversold territory. What does this mean? A short-term rebound is very likely. Brothers chasing shorts now, be careful of getting slapped by a rebound.

Volume is increasing on the decline, and decreasing on the rebound, indicating selling pressure is still present, buying volume is insufficient, and the wave of shorting is clear. But after an oversold condition, a rebound is inevitable—that's the market's iron law.

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Tonight and tomorrow, keep an eye on the 66,500 level:

If it holds, there will be a short-term rebound to repair;
If it can't hold, the next target is below 65,000.

Don't rush to act; wait for the rebound to find a better entry point. In a downtrend, rebounds are opportunities to escape, not reasons to chase highs.