11.20 Wednesday Morning Insights: A turbulent market, long and short positions continue to be entangled, and future layouts remain focused on high short positions!

Bitcoin surged strongly this morning, reaching around 93,900 but faced resistance and fell back, with the lowest point so far hitting around 91,285. At any moment, it could reach a new historical high. For Lin Kun, this is not a big issue; we haven't incurred any losses. We just narrowly missed a surge, as if we had an appointment with the King of Dreams. Recently, the price of the coin has been wildly performing a deep V washout pattern, with long and short positions undergoing significant sweeps back and forth. Our layouts must also respond flexibly, making long and short arrangements based on market patterns!

Currently, the price trend is still weak, but the pullback remains an inducement factor. While the market trend appears to have stopped at low levels, there are still certain enticing fluctuations. The short-term trend has not firmly established direction, making it easy to get misled. Yesterday saw a fluctuating rebound, but ultimately continued to fall. The current market is still showing a clear trend continuation, albeit at a slower pace compared to previous movements. We still anticipate weakness, but entry opportunities must wait for pullback chances to participate. Thus, we will continue to maintain a high short strategy in our future operations!

For Bitcoin morning operations, Lin Kun personally suggests shorting the price rebound at 92,350-92,850, targeting a drop to around 90,000-89,500!