11.25 Monday Morning Insights: Overnight Bitcoin experienced a slight rise, this is not a sign of bulls turning to bears, but rather a buildup of strength, ready to plummet at any moment!

Yesterday, the entire network publicly suggested shorting in the 98500-99000 range, how many of you acted on it? Those who kept up with the rhythm must have harvested a good amount of profit, right? Yesterday, we arranged to enter short near 98500, and once again, it was a successful strike. The recent market has struggled to break through the pressure of the daily mid-line on the price, and technically, a rapid rise in the market is rarely a good sign, Bitcoin is likely to drop sharply!

Looking at the 4-hour chart, the market trend still maintains a bearish stance, with the highs continually decreasing, and frequent upper shadows appearing. The 50 moving average is once again extending downwards, with no signs of turning upwards. Meanwhile, the large bearish candlestick continues to overshadow, and the market lacks momentum, failing to stabilize in the 98500-99000 range. There will still be some rebound strength along the way, but it does not affect the continued development of bearish sentiment. It is still somewhat difficult to show a one-sided trend, and more time is needed for adjustment. Therefore, we will maintain a wait-and-see approach, with the trend still primarily bearish!

For morning operations, I personally suggest shorting Bitcoin in the rebound of 97850-98350, targeting down to the 96000-95500 range!

Still the same saying, if you can't beat them, join them, Lin Kun will take you to new heights!