From the daily trend of Bitcoin, a bearish situation has started to appear today. After a pullback, there are no significant signs of a strong rebound reversal. Clearly, the Bitcoin market is still relatively weak in the short term. If the price of Bitcoin rises at this time, it is mostly just a normal adjustment to the previous decline, not a real trend reversal. Everyone should not be impulsive and chase after buying.

In the 4-hour trend, when the price previously rebounded, it encountered strong resistance. Looking back at the previous price decline, it was fast and significant, but now the price is rising slowly, and the momentum is insufficient. The characteristic of falling quickly and rising slowly is very obvious. This further indicates that Bitcoin is still leaning towards a downward trend overall. Therefore, from an operational perspective, it is recommended that everyone follow the market trend and short.

For the evening operation strategy, short directly at 107500-108000, with a target of 105000.