Bitcoin still shows signs of pressure in the short term, and the candlestick chart also clearly indicates weak rebounds. Moreover, in the early session, Lin Kun was already entering short positions around 95,800, and the market has indeed retreated below 93,800 as expected, capturing a space of over 2,000 points!

Looking at the 4-hour chart, after a round of decline, the market has seen a slight rebound, but the momentum remains limited. The candlestick chart is consistently suppressed by the moving averages, being pressed down to the floor. The candlestick can only move downwards, and the resistance above remains strong. The candlestick continues to form upper shadows, indicating the exhaustion of bulls. It is advisable to go short confidently below 96,500!

For the evening operations on Bitcoin, Lin Kun personally suggests shorting at the rebound levels of 96,150-96,350, with the target continuing to look down towards the range of 93,500-93,000!