Wednesday early morning analysis, the market continues to decline weakly, overall rebound is weak, in the early morning the Americans sold 19,800 Bitcoins, cashing out $1.92 billion, and started a downward trend during the day. In the evening, there was a strong continuation to the 63,600 line, followed by a quick rebound, with the price returning above 95,000. The bullish sentiment in the evening was also swept out. The short-term fluctuation is significant, and many people are confused by such market conditions, with the trend completely exceeding the technical structure's scope, oscillating back and forth between long and short positions. However, such market conditions will eventually return to normal.

At present, the market is still leaning towards a cautious sentiment, with the current pattern undergoing excessive adjustment. On the four-hour chart, the current middle track resistance still lies in the 96,500 area, and only after breaking through and stabilizing at this position can it hope to continue rising. If the price fails to break the resistance, it is very likely to fall back, and during the washing and oscillation phase, it is easiest to encounter a second pressure point leading to a drop. Therefore, the evening trading strategy should still focus on shorting at high levels.

Midnight BTC short-term operation: rebound in the 95,800-96,300 area, targeting 94,500-93,500.

The state is significant, the winning streak continues, if you can't determine the long or short positions, stick to your strategy and move forward together! Create brilliance again!