Overnight Bitcoin has oscillated for a long time, and the strength of the rebound remains limited. It only surged to around 96600 in the early morning before stopping, clearly blocked outside, and has not been able to break out of the encirclement. The resistance level is strong, which is a clear sign of weakness for the bulls. So far, the coin price is oscillating around 95850, and we will continue to maintain a bearish outlook. Today is Black Friday, are you ready?

From the 4-hour chart, the K-line is positioned below the middle track of the Bollinger Bands, with the middle track strongly pressing the K-line down on the floor. The K-line can only gasp for breath, while the Bollinger Band trajectory shows a clear downward inclination, indicating a clear bearish trend. The MACD energy bar has shifted from above the zero axis to below it, and the energy bar is gradually increasing. The lower level at 95000 will inevitably be broken, while accelerating the decline. We can continue to short on a rebound today!

In the morning operations for Bitcoin, I personally suggest shorting on the price rebound at 96250-96750, targeting 94500-94000. If it breaks, continue to look down at 93000. If not broken, we can reverse and set up long positions, targeting a space of 800-1300 points!