Overnight Bitcoin midnight reminder: Short directly at 100850-101350. The market has dropped as expected, and shorting Bitcoin has once again yielded results. It is now a bearish trend; any rebound is an opportunity to short. In a bearish trend, there is no bottom, only lower levels. Today's theme is to continue shorting on the rebound!
The 1-hour moving average for Bitcoin continues to diverge downward in a bearish manner, giving no chance for bulls to breathe. After last night's negative data, it continues to drop; a rebound to around 101200 will lead to a direct fall. The lower space keeps breaking down, and the bearish trend is so strong that one should simply follow the trend to short!
Following the trend feels light and easy, while going against it is chaotic. There is still no reversal; don't ask me how low it will go. A drop doesn't indicate a bottom, so continue to short on the rebound!
In the morning operation for Bitcoin, my personal suggestion is to short at a price rebound of 98500-99000, with a target looking down at the range of 95000-94500!