The current market for Bitcoin requires a firm mindset to short during the rebound. The current rebound is merely setting the stage for further declines, with obvious signs of a pullback; the bearish market has already arrived. Given that Bitcoin is in a bearish trend, any rebound presents an opportunity to short, and even if there is a rebound at midnight, one should act decisively.

From a technical perspective, the 4-hour moving average has formed a death cross and is diverging downward; the downtrend has not yet ended, and even if there is a rebound later, it will be a brief correction. The bullish trend has ended, and the rebound is a prelude to a decline. Therefore, the subsequent operations should adhere to a high short strategy.

The operating strategy at midnight is to short directly at 107700-108200, targeting 105000.