Wednesday Bitcoin Morning Insight: The market has once again returned to the previous tug-of-war trend, and we should continue to plan for high short positions!

Overnight, Bitcoin has maintained a fluctuating structure, with the rebound strength showing some convergence. It is currently fluctuating around 69,500, and the rebound strength is minimal. However, the continuation of the bearish trend is also not strong, so in terms of rhythm, it is still maintaining the tug-of-war trend!

Yesterday, the long and short layout we provided for Bitcoin was validated without any risks. I wonder how many friends followed the rhythm? The bullish trend yesterday was just a brief rise without continuity, a very straightforward trend, still fluctuating around the range. For this type of market, what we need to do is not to blindly go long or short!

Following the market rhythm is somewhat more favorable. For the market trend in the future, I personally predict that the overall volatility will still be small, and the rebound strength will not provide much. Timing is very important. This moment tests our on-the-spot experience. However, the overall trend direction remains unchanged, so we should continue to maintain a high short strategy!

For Bitcoin morning operations, I personally suggest shorting on the rebound at 69,850-70,350, targeting down to around 68,500-68,000!