Yesterday, Bitcoin (大饼) still saw a rebound after hitting a low as usual, but the strength of the rebound gradually weakened. As of now, the price has rebounded and is fluctuating around 110400. It is very clear that the bulls have already exhausted after only a slight rebound!

From the perspective of the four-hour structure, the current rebound is quite normal; however, the strength of the rebound is somewhat disappointing. This indicates that the resistance above is gradually moving downwards, and the support below is continuously being broken. The bears still have the strength to continue moving down. Therefore, the theme for today remains bearish!

Tuesday's suggestion for Bitcoin:

Short at the rebound between 109850-110350, aiming for the range of 108000-107500!