The morning thoughts on Bitcoin sideways on the weekend are as follows:

Overnight, the trend of Bitcoin remained sideways and still reached the top. The K-line has always been weak, especially yesterday when the price once reached around 60,600, but it is obvious that the K-line cannot go over it, let alone around 610,000. We have always insisted that there is a short position below 61,000, which is still valid. High altitude is inevitable, and there is no doubt that there are short positions at present. You just need to wait patiently and wait for a plunge!

From the 4-hour chart, the market continues to close with small negative lines, which is a sign of a negative decline. A plunge is only a matter of time, especially when an obvious head and shoulders top pattern appears, that is, the high point continues to decrease, and the K-line is also in a state of moving average suppression throughout the process. The K-line is pressed on the floor again, and the 50-day moving average has turned around, and the strong position is pressed down. The resistance level continues to decline, and the slope is obviously downward, so the subsequent operations continue to maintain the bearish thinking!

In terms of Bitcoin morning operations, Lin Kun personally recommends a rebound of 60350-60850 and a short target of 58750-58250! #新币挖矿HMSTR #新币挖矿HMSTR #灰度将推出首个美国XRP信托 #美国8月核心CPI超预期 #FTX赎回Solana $BTC $ETH $BNB