Bitcoin rebounded on Wednesday and turned bearish again on Thursday, just as expected yesterday. This is the grasp of rhythm. When the upward momentum lacks sufficient space, it must be a process of correction and accumulation. With yesterday's dip, it marks that the previously gradually raised upward support line has been broken, and the short-term upward momentum is hindered. Moving forward, it is still mainly bearish.

　　After the high point in the short cycle has declined, the rebound space is not large, which is a normal correction space. The rhythm is somewhat repetitive, and it will still take time to form a one-sided trend. However, the overall structure of the K-line is biased towards bearishness, just waiting for a breakthrough acceleration process. This is also the reason for continuously advising short positions for the past two days. The previous decline is not an extremely weak form, but rather contains a component of fluctuations, which can be viewed as a fluctuating decline. Maintain the rebound and short positions, and there is no need to chase before an acceleration action occurs.

　　On Friday morning, Bitcoin focuses on the area around 96800-97300 for short positions, targeting around 95300.