Monday Afternoon Analysis: Bearish 📉 Aiming for 100,000

This morning's false breakout led many in the market to be bullish on 110,000 and 120,000! But Rain Mo is firmly bearish! Continuing to take profits!

From a technical perspective, Bitcoin has once again broken below the 104,500 yuan mark, testing a low of 102,200, and has returned to the previous range of fluctuations. Looking at the 4-hour candlestick chart, this round of rebound seems to be quite sufficient, and it appears that it could end the rebound at any time, entering a period of downward adjustment. Look for opportunities to short during the day.

Bitcoin: Short at 103,000-104,000, target 101,500, 100,800

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