1.1 Wednesday Bitcoin Morning Insights:
Overnight Bitcoin has once again experienced a decline, and the market's movement is very much in line with expectations, so the subsequent strategy is to continue shorting!
Looking at the 4-hour chart, the moving averages continue to form a dead cross and point downwards, indicating that the bears still have room to maneuver!
The 1-hour chart shows a constant downtrend with basically no rebound capability, so it remains the bears' domain!
Remember, rebounds are just opportunities to short; in a market like this, there's no need to overthink it, just follow the market's trend!
There will always be unexpected results, go with the flow, short, and keep shorting!
For the morning operations, I personally suggest shorting Bitcoin when the price rebounds to 94,000-94,500, with targets set down around 91,000-90,500!
Go with the trend lightly, against the trend chaotically, now the bearish momentum is unstoppable, so don't keep thinking about bottom fishing; a decline doesn't mean we've hit rock bottom, just continue to short with the trend.