Wednesday morning thoughts, the rebound is not a reversal, continue to short

Bitcoin, after a continued decline to the 1093 line yesterday, warmed up and slowly rose in the early morning, currently reaching a high of 1119 area, while facing some pressure from above in the short term.

In the 4-hour chart, the overall downward trend remains unchanged, with a short-term series of upward movements. However, the recent downward trend has been interrupted, but in terms of the strength of the rebound, it is clearly unable to change the current weak structure, so the overall direction is still bearish.

Morning reference for shorts around 1118 and 1123, looking at 110, and if it breaks, continue to look down to 1080. $BTC