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I've had the same problem recently.
The issue was: the small spray nozzle was broken. I've been cleaning the nozzle with to much pressure, so the tip reiceievd a mico crack. It's hardly visible with eyes, but enough for air to flow back to the bottle.
So, probably you'll need a new nozzle
After using many different types of airbrushes for over 50 years now, and working in a LHS where we sold airbrushes of various types, I've always stuck to the philosophy of buying quality airbrushes. So often modelers buy cheap brushes and then have all kinds of problems. It's better to start with a more expensive higher quality airbrush and compressor than to find you've wasted money on a cheap brush, or worse, trying to obtain parts for a no-name brush. I've seen many first time modelers turn away from the hobby because they couldn't use a cheap airbrush-- had they invested in a higher quality brush, they probably wouldn't have been so discouraged. I agree, it sounds like a tip problem, it could be a micro-crack as mentioned above (you may need a magnifying glass or jewelers loop to find it) or it may be a cross threaded or unseated tip, or as someone else mentioned, a seal at the front of the brush. If the bubbles for when there is no pressure on the trigger, it could be a problem at the point where the air enters the brush. Or it could be a blocked tip. I recommend cleaning the brush after spraying every color-- especially true for acrylics-- by flushing with either the manufacturers thinner or lacquer thinner (for enamels). Then after each airbrush session, breaching the brush down into its smallest components and giving it a thourogh cleaning.
VR, Russ