Black Friday is not living up to its name; the market has been continuously declining since early morning. The evening's non-farm payroll data also fell short of expectations, which is another piece of positive news. However, to be honest, I no longer really believe in the impact of such news. It's just like Powell's speech a few days ago, which only caused a brief market jolt without much follow-through. Currently, after the price declined to 114000, it began to rebound, but any rebound now is viewed as a trap to lure in buyers. As we discussed in our afternoon analysis, there will be no change in the trend in the short term. We only need to pay attention to whether it’s a rebound short or a current price short.

From the hourly perspective, the market formed a three consecutive bearish candle pattern after a slight rebound. The Bollinger Bands continue to open downward, with the lower space completely opened up. The bears are continuously increasing their volume, and key support levels below have all been breached. The adjustment points keep probing lower, indicating that the downward cycle is not yet over. Although there has been a slight rebound in the price, the strength of the rebound is not significant, and the overall bearish trend has not changed. In the evening, we will continue to operate with high shorts.

Bitcoin can be shorted around 116000-116300, targeting 114000.

Ethereum can be shorted around 3680-3700, targeting 3550#美国加征关税 #BTC #ETHETFsApproved .