Bitcoin's trend has also entered a turning point. From the 4-hour chart, the market shows a stair-step downward rhythm. The support below has been completely opened, and the market trend is very much in line with expectations. It was emphasized earlier that if the 97,000 line is broken, we should look down to 95,000!

The storyline has not deviated too much. Bitcoin continues to maintain a downward trend, and the bears have not weakened with the pullback, maintaining a low-level oscillation downward!

The overall trend continues to look bearish. From the hourly chart, the Bollinger Bands are beginning to narrow downward, with significant space below. A small rebound in the middle is also quite normal, so we can continue to short in the evening!

For evening operations on Bitcoin, Lin Kun personally suggests shorting on the price rebound at 96,150-96,650, with a target looking down to around 94,500-94,000!