Yesterday, Bitcoin showed a fluctuating downward trend during the day: the price rebounded from a low of 114510 to a high of 117397, encountering significant resistance at that position before rapidly entering a stage of fluctuating downward movement, with the prior rebound space gradually being given back, and the bearish pressure has begun to manifest.

Continuing this weak pattern, the morning remains primarily bearish, and the current bearish market characteristics are completely clear. It is necessary to firmly adhere to the core idea of 'shorting on any rebound'—at this moment, all rebounds are not signals of trend reversal; they are essentially brief adjustments in the downward process, and rather opportunities to short. Even if a rebound occurs in the morning, there is no need to hesitate; one should decisively seize the short entry opportunities based on the rebound resistance levels, avoiding missing out on trend opportunities due to short-term fluctuations.

Morning operating strategy: direct short between 115300-115800, targeting 114000.