Wednesday Daily Summary: Bears Completely Crushed, Bulls Make a Comeback, Direction Has Started to Adjust!

Continuing yesterday's strategy, which is to firmly hold a bearish view, but the market trend does not align with our expectations at all. Going short today also resulted in being swept out, and then adjusting the mindset more to take a small amount of space. Lin Kun doesn't have so much flashy stuff; it's either win or lose, straightforward and courageous. Currently, the market trend has shown signs of reversal, and we are looking bullish moving forward!

For Bitcoin, the general direction is firmly looking at the 97000 level, so as long as the K-line retreats, Lin Kun will increase long positions. Currently, long positions have already been entered around 95500, and we absolutely will not pull back before reaching the 97000 level!

Looking at the 4-hour chart, the market has slowly risen after hitting the bottom. Currently, there is a trend of consecutive upward movements. 95000 has completely stabilized, and it has also been consistently forming lower shadows. This is the nightmare for bears, with four to five consecutive lower shadows, which is clearly a prelude to a rally. The K-line has also stabilized above the moving average, so just go long!

For Bitcoin's midnight operations, Lin Kun personally suggests entering long positions at 95500-95000 with the target looking at the 97000 level!