Recently, the trend of Bitcoin has been truly elusive. Whether it's a slight rebound or a brief surge, it vanishes in an instant. Just when signs of a rise appear, they are quickly suppressed, and the price falls as if into an abyss, seemingly constrained by powerful forces, making it difficult to change the downward trend.

From a technical perspective, the bears have the upper hand. The moving averages are diverging downwards, resembling claws that indicate lower prices; the MACD hovers below the zero line, with the death cross becoming increasingly obvious, solidifying the downward trend. Each rebound fails to effectively expand trading volume, with a lack of buying power, making the rebound foundation unstable. In this market condition, adhering to a bearish stance is a wise move. The market trend is established, and a reversal in the short term is unlikely; the bears are like a surging tide, unstoppable.

The midnight operation strategy is to short directly between 105000-105500, targeting 102000.