Looking at the one-hour chart, after a brief rally, the price was pushed back down near the resistance level. Recently, the decline has deepened, clearly showing that the bears are gaining strength.

From a technical perspective, all three Bollinger Bands are trending downward — the upper band is pressing down from above, and the middle and lower bands are also moving lower, forming a classic bearish channel. Additionally, the MACD indicator's fast and slow lines are about to cross, indicating that the bullish momentum is waning, and the market remains weak.

In this market pattern, the short-term strategy is very clear: sell on rebounds, do not chase the longs. The impact of US non-farm payrolls data below expectations is still unfolding, and short-term risk appetite remains suppressed. It’s best to follow the bearish trend.