Bitcoin rebounded from a high position and built a top. Don't chase more easily. The rebound is an opportunity for shorts. The Fed's interest rate decision will be made in the early hours of the night tonight. The expectation of interest rate cuts will be fulfilled soon. The market is favorable and may rise and fall. So we can still keep a bearish view in the future!

From the 4-hour chart, we can see that the high position has repeatedly fluctuated and then broke down. The top structure is obvious. The 1-hour moving average has also begun to turn around. The moving average forms a dead cross and spreads downward, so there is more room for downward adjustment. Last night's rebound did not break through the resistance of 615,000. In the future, it will continue to go short at highs under the resistance of 61,500. Go short when the rebound is bold!

The market is changing rapidly, and operations cannot be one-track-minded. They must change with the market. Plan your transactions and trade your plans. Only by understanding the logic of the rise and fall behind the market can you keep up with the market rhythm and not be confused and panicked in the ups and downs of the market. The market is always right. Don't compete with the market. The market will not be merciful. Is Bitcoin at the top? Let's wait and see!

In terms of Bitcoin afternoon operations, Lin Kun personally recommends shorting at a rebound of 60800-61350, with the target at 59500-59000!