Bitcoin began a downward trend last night, but opened high in the morning. Although there was a rebound overnight, the strength is clearly insufficient, and signs of a bull trap are already apparent. From this, it can be judged that this bullish market may be fleeting, and the high point is likely a bull trap, so during the morning rebound, the bearish outlook should remain steadfast.

From the four-hour candlestick structure, the moving average system for Bitcoin shows no upward trend, which fully indicates that the bullish strength is difficult to maintain. The current rebound is merely a result of inertia and not a strong continuation of the bullish trend. Such market movements are common and often struggle to break through, returning to a weak position. Therefore, subsequent operations should continue to adhere to a bearish strategy.

Due to the unpredictable nature of the market, especially movements driven by news, it is essential to focus on the continuity after news stimuli. Given that this bullish effort quickly weakened after a brief surge, bears may find a good opportunity, and the afternoon rebound is a good time to position for short orders.

Bitcoin afternoon trading suggestions:

Bitcoin: Position short orders in the 101800-102300 range, with a target price looking towards 99000

Ethereum: Position short orders in the 2200-2250 range, targeting 2150.