Tuesday's Bitcoin Morning Insights:

Lin Kun wishes everyone a happy Mid-Autumn Festival, a happy and healthy family, and a smooth journey. Overnight, Bitcoin still maintained a shock structure, and the daily level was still in a falling pattern. The K-line also started to exert force from above the moving average. The moving average maintained firepower suppression, and the K-line was directly pressed on the floor. The air force was inevitable, and the peak of the moving average had passed. Downward movement was inevitable. The current market is still accumulating power, but the trend remains unchanged, and the bearish outlook remains unchanged!

From the 4-hour chart, the market is still showing a slow downward trend. Although it is above the moving average, it is obviously lacking in power and is always suppressed. The upward momentum is insufficient, and the bearish engulfing is imprinted in the mind. At least 59,000 is a strong resistance, which is also a resistance verified by the market. The K-line is always pressed on the floor, and the K-line can only be breathless. Short, a slight rebound can continue to be short!

In terms of Bitcoin morning operations, Lin Kun personally recommends shorting at a rebound of 58500-58850, with the target at 57000-56500! #加密市场急跌 #币安上线NEIRO #新币挖矿HMSTR #美联储利率决议公布在即 #美国大选如何影响加密产业？ $BTC $BNB $BNB