Overnight, Bitcoin briefly reached around 96181, and the bearish trend is so strong that placing orders is just harvesting. Currently, the K-line still shows a bearish trend, and high-level shorts are inevitable. Lin Kun continues to rebound shorts, and we continue to look for lower levels below!

Looking at the 4-hour chart of Bitcoin, the market continues to produce large bearish candlestick bodies, with 5 consecutive large bearish candles. This is a clear downward trend, with basically no signs of rebound. Even if there is a rebound, it is a large bearish candle breaking through all support levels. The moving averages are running upwards but have clearly turned downwards, and they have been bent downwards. Short positions are advisable, and a slight rebound is enough to short!

As for subsequent operations on Bitcoin, Lin Kun personally suggests shorting when the price rebounds to the range of 97350-97850, with the target looking down to around 95000-94500!