#Brothers! Good morning
Yesterday's market trend perfectly met expectations, and of course, the gains were abundant. Whether it was the short-selling point provided or the downward target, both successfully reached their goals. Currently, it seems that brothers wanting to catch the bottom in the short term will need to wait a bit longer.
The 4-hour structure chart shows that there is no moving average forming a downward channel in the short term; the K-line continues to decline along the direction of the moving average. Currently, it has reached the lower double-bottom support structure. Judging by the overall rebound strength so far, it seems that the chips at the double-bottom structure are not sufficient, and the rebound strength is not strong enough. A deeper correction is needed to stimulate long positions to enter. We will continue to maintain a bearish outlook for the day.
Short-sell Bitcoin at the rebound range of 95400-95800, targeting 91000-90000.
