$BTC Bitcoin has recently formed a converging triangle pattern in the 4-hour and 6-hour levels, with each cycle showing alternating characteristics of 'increased small upward candles and sudden drops with no volume.' This volume-price divergence is also significant in the shorter time frames of 1 hour and 15 minutes, suggesting a subtle change in the balance of bullish and bearish forces.

2. The characteristic of floating liquidity digestion is obvious.

Calculating from the previous low, the rebound of this round has reached about 20% for certain cryptocurrencies. Through on-chain data tracking, it has been found that the area of large pending orders has moved closer to the resistance level, with the volume of main sell orders increasing by about 37% compared to last week, indicating that profit-taking is being executed in an orderly manner.

3. Market effects of expectation digestion.

Although the non-farm payroll data shows a neutral preference, the opening did not sustain the overnight upward trend and instead dipped to test the support of the 60-day moving average, which verifies that the market has already priced in most of the favorable factors. This phenomenon usually occurs during the 'expectation fulfillment-correction' phase before the announcement of major economic data.

One can observe changes in trading volume on the hourly chart; if three consecutive candles maintain a reduced volume sideways, it may indicate a directional choice in the short term. Key support/resistance levels need to be assessed in conjunction with changes in blockchain network addresses. So, someone might ask, how do I view Bitcoin? Personally, I am bearish, which does not constitute investment advice. #非农就业数据来袭 #加密市场反弹