Geopolitical and Data Double Kill: Bitcoin’s Downward Trend Difficult to Stop

Recently, global risk events have erupted intensively, geopolitical conflicts continue to escalate, coupled with Friday’s non-farm payroll data significantly below expectations, putting the financial markets under comprehensive pressure. On Monday’s Asian session open, U.S. stocks have already experienced a deep correction, and Bitcoin is accelerating its decline in tandem.
I repeatedly suggested positioning for short positions in the 71,000 to 72,000 range, and have already realized significant unrealized gains. The current rebound strength is limited, more of a technical trap than a trend reversal. Market sentiment has completely shifted to panic and bearish outlook. Short-term geopolitical tug-of-war is unlikely to ease soon.
Short-term trading recommendations for this week:
- Prefer to enter short positions in batches around 69,000 to 69,500.
- If a rebound reaches 70,000 to 70,500, consider adding to short positions.
- Strict stop-loss set above 71,000 to prevent extreme rebounds.
- Mid-term target opens downward space:
- First target: 65,500, a key support level. If broken, accelerate downward movement.
- Second target: 61,500 to 62,000, indicating deeper correction possible.
Risk warning: Cryptocurrency markets are highly volatile. Geopolitical events may unexpectedly ease or worsen. Please strictly implement risk control and avoid over-leverage.
Maintain a bearish outlook and wait for black swan events to continue fermenting.