Overnight Bitcoin has fluctuated back and forth for a long time, and the strength of the market rebound remains limited. It peaked around 96,600 in the early morning and clearly faced resistance, unable to break out of the encirclement. The resistance level is strong, which is a clear sign of weakness for the bulls. So far, the coin price is fluctuating around 95,850, and we continue to maintain a bearish outlook. Today is Black Friday, are you ready?

From the 4-hour chart, the K-line is below the middle band of the Bollinger Bands, with the middle band strongly pressing the K-line down, making it struggle to breathe. At the same time, the Bollinger Bands have shifted from horizontal to a downward inclination, which is a clear bearish trend. The MACD energy bars have shifted from above the zero axis to below, gradually increasing in size. The support level around 95,000 will inevitably break, accelerating the decline. Continue with short positions for intraday rebounds!

For Bitcoin's operations in the morning, Lin Kun personally suggests shorting on price rebounds at 96,250-96,750, with a target of 94,500-94,000. If it breaks, continue looking down to 93,000. If it doesn't break, you can reverse to set up long positions with a target looking at a space of 800-1,300 points!