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Bitcoin has recorded three consecutive bearish candles, and they are quite substantial. The downward trend is very clear. With the U.S. stock market closed, the Silk Road Bitcoin unlock, and many people going short due to support levels, the anticipated rebound has yet to arrive. However, we still hold on to the possibility of a rebound, and it all depends on the U.S. stock market opening tonight. If the non-farm payroll can provide an extreme reversal opportunity like the sharp drop in December.

Analyzing the current market trend from four aspects, the possibility of a rebound:

① Four-hour chart

After the previous rebound and surge of Ethereum and Bitcoin reached a peak, this time the negative impact led to a decisive and rapid decline. However, from the four-hour chart, there is a certain expectation for stabilization and an oversold rebound.