Wednesday Morning Thoughts: Rebound, Not Reversal, Continue to Short

The big coin fell to the 1093 line yesterday and slowly rose to the 1119 area in the early morning, with short-term pressure from above.

The overall downtrend on the 4-hour chart remains unchanged. Although the recent upward movement has interrupted the recent downtrend, the rebound strength is difficult to change the weakness, and the overall direction remains bearish.

In the morning, short around 1118 and 1123, looking at 110, and if it breaks through, continue to look at 1080.