Saturday Morning Insights: Continual Breaks of Lower Points, Arms Can't Compete with Thighs, Continuing Bearish Today!

Bitcoin's market yesterday continued to operate in a wide-ranging seesaw pattern, with the market moving around a rhythm of rising and falling. While there was intense back-and-forth between bulls and bears, the bearish trend ultimately showed slight advantages, leading to a final pullback under pressure. Recently, the price of the coin has been wildly performing a washout trend, with significant back-and-forth sweeping by both bulls and bears. We need to be flexible in our layout, making bullish and bearish arrangements based on the market patterns. Recently, we have also achieved some small successes in our Bitcoin arrangements, and we will continue to work hard moving forward!

Currently, the price trend remains weak, but the pullback is still an enticing factor. While the market seems to have paused its downward trend at lower levels, there are still certain enticing fluctuations. The short-term trend direction remains unsteady and can easily be swayed. Yesterday saw a rebound amidst fluctuations, but it continued to fall in the evening. The current market still displays a clear trend continuation, albeit at a slower pace compared to previous movements. We still see weakness today, but entry opportunities will only arise during pullbacks, so for future operations, we will maintain a high short strategy!

In the morning operations for Bitcoin, I personally suggest shorting on the price rebound between 94850-95350, with a target down to around 93000-92500!