Thursday Bitcoin Morning Insights: The market is frequently oscillating up and down; we can continue to maintain a bearish outlook for the future!

Yesterday, Bitcoin's market maintained a slow downward trend, and the overall movement aligns very well with our previous expectations. We emphasized earlier that after a surge, there would definitely be a pullback, and this once again confirms Lin Kun's perspective. This is not baseless nor a hindsight analysis; it is well-founded. Yesterday, we arranged 5 waves of long and short positions during the trading session, all of which had certain room for profit. The subsequent market decline is still ongoing, and a slight rebound in between is quite normal. As always, the rebound is just to better set the stage for the next drop, and then it's all about the shorts!

From the 4-hour chart, the market still maintains a downward posture, with continuous bearish candlesticks directly offsetting the rising momentum. Time is being traded for space, and the neckline has been clearly broken, indicating a lack of strength. The price of the coin continues to decline, with the Bollinger Bands closing downward, and the price is running below the lower band, showing a step-like decline. Even if there is a rebound in the market, its strength will not be particularly strong, as the lower support is continuously being broken. It is evident that the bears still have a continuous downward exploration, so the overall structure is still in a weak position. We will continue to execute short positions during any rebounds!

For Bitcoin's morning operations, Lin Kun personally suggests shorting at 72650-73150, with a target looking down to 71000-70500!

If the mountains don't move, the water will; if the water doesn't move, people will. Recently, my market intuition has been excellent. If you have ideas, come and take a look; Lin Kun will take you flying! #BinanceBlockchainWeek #美国大选后行情预测 #狗狗币创数月新高 #下一BTC历史新高是多少？ #TIA超大额解锁 $BTC $ETH $BNB