In the past few days, we've been saying that the Bitcoin rebound is an opportunity for shorts. Have you shorted during the Bitcoin rebound? The market has also retreated as expected, and the retreat space is very nice, going short all the way is quite satisfying. Although the market surged rapidly last night, it still couldn't stabilize, and then quickly came under pressure and retreated again. Now, the bears have the upper hand, and the afternoon rebound still continues to be short!
Looking at the 4-hour chart, the market still maintains a large range of fluctuations, ultimately diverging downward. The rebound highs are getting lower and lower, and the declines are continuously hitting new lows. The strength of the bulls is limited, and it's still the bears' home ground. Following the trend is light and easy, while going against it is chaotic. We've always said that the rebound is an opportunity for shorts, and it ultimately proves to be very effective, as it falls as expected, still under the control of the bears. The rebound continues to be short!
For Bitcoin's afternoon operations, I personally suggest shorting the price rebound at 93350-93850, targeting a drop towards 91000-90500!