Bitcoin's current market is experiencing a rebound, but there is no continuation of the upward trend within the day. The current price is fluctuating around 94150. In my personal opinion, after a period of upward movement, the market is about to see a pullback, so we will continue to maintain a bearish outlook!

Looking at the 4-hour chart, the moving averages are starting to flatten out. If they begin to turn downward, then the space for decline will open up. The 1-hour chart is currently showing a downward trend; the rebound within the day continues to be bearish. Bitcoin should continue to short on rallies, and the rebound can still be shorted!

The market does not always go up just because it has risen a lot, nor does it go down just because it has fallen a lot. Only by identifying the turning points in the market can we grasp the trend. High positions are stagnating, and the bulls are beginning to weaken while the bears are waiting to exert force at any time!

In the afternoon operations for Bitcoin, I personally suggest shorting on the rebound at 94350-94850, with a target looking down towards the range of 92000-91500!