☀️《Three-in-One Trading System｜BTC Market Morning Express》 ---- Non-farm payroll data released, BTC surged and then pulled back, super whales harvesting market liquidity❗️ Hey friends, good morning! Before and after the non-farm payroll announcement, I repeatedly reminded everyone: beware of BTC pricing in advance and the risk of pullbacks⚠️, and the market played out exactly as expected. Current price is around 84,500, BTC has already broken below 85,000. Yesterday, it peaked at 87,300 but couldn’t hold, closing with a long upper shadow bearish candlestick on the daily chart. The selling pressure above is very real. 1. Volume strength: After surging, volume decreased; during the pullback, volume increased, but bulls didn’t follow through, and bears aren’t aggressively attacking either. Yesterday’s surge to 87,300 was accompanied by short liquidations, with over $120 million in shorts liquidated within 24 hours. However, the price couldn’t hold, and during the pullback, short volume increased, indicating that the funds chasing the highs weren’t sustainable, while bearish volume doubled. Funding rates are still near negative territory, meaning bulls are unwilling to pay fees to chase the price higher. 2. On-chain data: Super whales are selling, ETFs are buying. Super whales have reduced their holdings by about 30,000 BTC over the past week, worth $2.52 billion. Meanwhile, ETF funds are flowing back in, with a net inflow of $127 million on October 1st, and BlackRock’s IBIT alone contributing $195 million. Medium-sized whales (holding 10-10,000 BTC) have increased their holdings by approximately 41,025 BTC over the past 10 days. Medium whales are buying, super whales are selling—how bizarre! Super whales are taking advantage of the non-farm payroll data’s positive impact to harvest market liquidity! 3. Structural pattern: Long upper shadow bearish candlestick, short-term bearish bias. Yesterday’s long upper shadow bearish candlestick is a classic bearish signal, where buyers pushed the price higher but were suppressed by sellers. The 87,300 level above is short-term resistance, while the 85,000 level below has already been broken. The next support is around 83,000-84,000. Little Dragon’s core judgment: With 85,000 broken, the short-term bias is bearish. If even the non-farm payroll data’s positive impact couldn’t push the price higher, it shows that bulls lack strength. Next, it’s highly likely to test the 83K-84K range. If 83K doesn’t hold, the deeper pullback target is 80K-81K. For now, don’t chase shorts or rush to buy the dip—wait to see the buying strength around 83,000 before making a decision. After two surges and pullbacks following the PCE and non-farm payroll data, I estimate that BTC is very likely to continue its downward correction to around 80K in the near future.