News: The non-farm payroll report was favourable, and initial jobless claims data also provided Favourable Information, but the slight rise in US stocks couldn't lift Bitcoin's performance, and institutional dumping only made matters worse.


Technical Analysis: The hourly chart has broken down, and the four-hour chart has also fallen below the BOLL middle track, with continued volume from the bears.
Dare to imagine, today being Thursday, it is also possible to preemptively digest the major non-farm payroll trend - a breakdown. Additionally, the expectation of a rate cut in September is close to 97%, but there has not been a substantial surge, and in the short term, it is under pressure to break down, buying the expectation and selling the facts...
Bitcoin posture: 11.08/4406 short positions can be reduced and held...
During the early stage, it is close to the position around 10.85, in the 4220-4250 area, allowing for fluctuations up and down…… #BTC#
BTC-2.2%
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