Familiar rhythm, familiar taste. Bitcoin ultimately went down, although it made a corresponding rebound in the morning, it couldn't overcome the strength of the bears. Isn't this a counterattack? Moreover, every time it dips, there is a corresponding rebound or adjustment, and after encountering resistance, it falls again. Now the price of the coin has started to rebound, and the pressure above is clearly at the 100,000 mark. After encountering resistance at this level during the subsequent rebound, continue to short!

Looking at the 4-hour chart, the price of the coin has been suppressed by the moving averages, showing a bearish arrangement. The rebound highs are successively lower, and the downward trend remains unchanged. The price of the coin has gained support around 97,500 for a short-term rebound, and the resistance above is obvious. Wait for the rebound to encounter resistance below the 100,000 mark before shorting. The support below is still at 97,500; if it breaks, it will drop to around 95,000. The trend is downward, so don't easily catch the bottom. Only when the market breaks through the pressure strongly and continues can it turn around. Previously, gold had multiple strong rebounds, but none of them continued, so catching the bottom should be done with caution!

In the afternoon operations for Bitcoin, my personal suggestion is to short at the rebound of 99,350-99,850, with a target looking down at around 97,500-97,000!