Friday Morning Insights: Continuously Falling from Grace, Weak Trend Persists, Today's Theme is Still Bearish!

After saying a lot of heartfelt advice, I wonder how many old friends actually listened? Overnight, Bitcoin once again fell back, continuing to decline. Friends who kept up with the rhythm during midnight can see the results in the morning. The thought process has also been publicly hinted across the network; if you refuse to listen, there's nothing I can do. Lin Kun still says, it’s all about the trend!

Looking at the 4-hour chart, the coin price keeps breaking below support levels, and the market is continuing its weak downward trend, completely breaking out of the previous consolidation state and forming a strong downward fluctuation. It has continuously broken through multiple support positions while pulling the moving average indicators downwards. This downward probe and correction technique is a consolidation that exchanges time for space. A relatively strong corrective consolidation. This is also something Lin Kun has been emphasizing for a while. When the market consolidates for too long, it will choose a direction and then explode again; this is the power of the bears. Currently, the lower space has completely opened up, and there's no doubt that it will still be bearish next!

In the morning operation for Bitcoin, Lin Kun personally suggests shorting when the coin price rebounds to 93000-93500, with targets looking at the 90000-89500 range!