In terms of the current market situation, after three consecutive bearish days on the daily chart and a continued decline, it is reasonable to expect a bullish rebound.

From the perspective of regaining lost ground, the bulls are repeatedly testing the resistance at the upper highs, attempting to break this current downtrend.

Looking at the four-hour chart, there have been three consecutive bullish days, and the price has recovered to the point where the decline started, but there hasn't been much continuation afterward.

At this moment, the Bollinger Bands are showing a contraction, and the middle line of the moving average is still trending downward, which means that in the short term, the bulls will still face some level of resistance.

However, there is still an overall demand for increased volume in the market, and the subsequent direction will depend on the market movements during the US trading session, so for now, it is advisable to adopt a strategy of buying on dips.

If you want to delve deeper into the cryptocurrency space but can't find a clue, and you want to quickly understand the information gap, whether it's contracts or spot trading, you can 👉 find out more in my profile #加密市场回调 #美国非农数据即将公布