Wednesday Bitcoin Morning Insight: Weak Rebound Strength, Today's Theme is Still Bearish!

Overnight Bitcoin remains in a low-range fluctuation, and it is clear that the market is completely unable to rise. Currently, the market trend is in a sideways correction phase, and it is evident that there is a lack of strength; it's not solid enough, and a bearish outlook is inevitable. Just wait for a drop!

Looking at the 4-hour chart, the overall market still maintains a downward rhythm, but sustained upward movement seems a bit precarious and challenging. During this period, the price of the coin has been on a roller coaster, with no medium-term speculative opportunities; we can only focus on segment trading. The formation of a one-sided trend may be delayed until after the New Year. The current trend shape is to continue holding and to short on rebounds!

In terms of morning operations for Bitcoin, Lin Kun personally suggests shorting at a rebound of 97500-98000, with a target looking down to around 95000-94500!