11.11 Bitcoin Morning Insights: Rebound Breaks High Without Continuation, or Downward!

Overnight, Bitcoin once again reached a historic high, with the intraday price peaking around 81500 and then falling back, hitting a low of around 80100, an overall drop of 1400 points. Currently, the market is oscillating near 80350, and the strength of the rebound will not be much, so one can enter the market to go short at any time!

Looking at the 4-hour chart, the moving averages continue to form a death cross, indicating that the bears still have room to maneuver. The 1-hour chart is continuously making new lows, showing almost no rebound capability, so the bears are still in control. Remember, a rebound is just an opportunity to short. In such market conditions, there is no need to overthink; just follow the market trend, and there will always be unexpected results. Go with the trend, go short!

For Bitcoin's morning operations, Lin Kun personally suggests shorting on a rebound at 80850-81350, with a target looking down at the range of 79000-78500!

Going with the trend is light and easy, while going against it is chaotic. Now the bearish momentum is unstoppable, so don't keep thinking about catching the bottom. A decline does not imply a bottom; just continue shorting with the trend. #BTC突破8W大关 #特斯拉市值重上1万亿美元 #山寨季分析 #BinanceLabs投资BIOProtocol #Solana涨势分析 $BTC $ETH $SOL