Wednesday Morning Analysis

In the early morning, Bitcoin continued its downward trend to a low of 94925 before rebounding, fluctuating back up to 96180 and stabilizing. The market showed a pattern of falling first and then rising. The rebound that Lao Zhou anticipated has been validated.

From the current market situation analysis, the overall price movement is still undergoing cyclical and oscillatory adjustments within the established range. However, the high points of the rebound are gradually moving downwards, indicating a gradual weakening of momentum at the daily level, with the expected space for rebounds increasingly shrinking. Although there have been attempts to rebound, the strength is insufficient, and the market remains at a critical period for directional choice, overall presenting a pattern of oscillating tug-of-war. From a longer-term perspective, we still need to focus on the core and continue to strategize. At the four-hour level, the market is still in a phase of probing for a bottom and recovering, but the recovery of momentum seems difficult. Therefore, in the morning suggestions, we still recommend focusing on the pressure.

Operational Suggestions for Wednesday Morning

Bitcoin 96500-96300 can be shorted, looking down to 94000-94500.