Currently, Bitcoin is in a technical rebound window during a bear market. The macro environment is facing triple bearish factors (non-farm payrolls - a significant negative impact of 92,000, oil at $120 leading to inflation concerns, and the Federal Reserve not cutting interest rates), which reinforce the overall bearish trend. Technically, the 4-hour MACD is about to form a golden cross, providing short-term rebound momentum, but the daily MACD is about to form a death cross, and the weekly long upper shadow exerts double pressure, limiting the rebound space. Today's core trading strategy is: wait for the 4-hour rebound to push the price to the right side of 69,900–70,500 (first neckline) to short, and if it breaks through, then short again at 72,000 (second neckline); if the market strongly breaks all resistance levels, wait for a trend short position on the left side of the 80,000 high point; if the market continues to decline, watch for long opportunities on the left side of 63,800–64,300; maintain a long-term spot investment strategy in the golden pit of 57,700–56,600 on higher timeframes, with the overall strategy unchanged.