Yesterday evening, the cryptocurrency price followed the US stock market trend and continued the previous pullback. The price further declined to around 70,600, then experienced a slight rebound and correction. As the US stocks closed smoothly, after some consolidation, the price dipped slightly again. Currently, the price is trading below 71,000. The bearish outlook I repeatedly emphasized in real trading yesterday was again accurately confirmed. Tonight, focus on the release of non-farm payroll data, and in the short term, be cautious and avoid unnecessary risks. Looking at the four-hour chart of Bitcoin, the price experienced a rapid decline with consecutive bearish candles. Currently, the price is again near the middle band. The overall stepwise oscillation upward remains stable. Although there was a significant pullback, the upward trend at the level remains stable. The slowing of the downward momentum indicates that the support at the middle band is still strong. Therefore, we continue to expect a bottoming and rebound in the near future. In the short-term hourly chart, after the price quickly fell below the lower band with consecutive bearish candles, the market volatility narrowed as US stocks closed. The price moved in a choppy pattern of alternating small bullish and bearish candles, consolidating and pulling back. Technical indicators recovered quickly, and the MACD histogram shows that the bearish momentum is weakening. Once the consolidation ends, we maintain our bullish outlook for a rebound. For Bitcoin, consider long positions around 70,500, with attention to 72,000. For Ethereum, consider long positions around 2,060, with attention to 2,160.

3.6 Friday Morning Bitcoin Outlook The short-term rebound has still not shown signs of continuation. Last night, Bitcoin surged to 74,000 and then steadily declined, dropping to a low of 70,600. We maintained a bearish outlook throughout yesterday, and the overall gains were good. Currently, the price is fluctuating around 71,000. From the 4-hour chart perspective, the 74,000 level clearly acts as a resistance zone. When it can't break through, it gets pushed down. Although there was a rebound in the middle, the momentum was weak. Moving averages are already showing a bearish alignment, MACD has formed a death cross heading downward, and KDJ is also diverging downward. The small timeframes are mainly dominated by a bearish trend, and overall, there is still a possibility of further decline. Trading Strategy: Bitcoin: Short near 71,200—71,800 on rebounds, target 68,000—66,000 Altcoin: Short near 2,090—2,110, target 1,970.