The early bird catches the worm. The first two waves of the morning have already been taken,

1.2 Wednesday, Morning Market Thoughts

From the daily chart perspective, the current market is still in a weak state, continuing to fluctuate downward, with limited rebound strength. The downward structure has not changed due to the brief rebound. Therefore, overall, a bearish outlook should be maintained.

On the 4-hour chart, the rebound action could not be sustained. After the price rebounded to the upper boundary area, it faced pressure and fell again. This indicates that under a predominantly bearish structure, the rebound is difficult to sustain.

Bitcoin, in the morning, look for buys around 94000-94500, targeting 95400-95800.

For the rebound around 95500-95800, look for sells, targeting 94000-93000.