After experiencing a rebound on Wednesday, Bitcoin's price turned bearish again on Thursday and tested lower levels, which completely aligns with yesterday's expectations. Accurately grasping the rhythm is crucial.

When the continuation momentum and space for an upward movement are insufficient, the market will inevitably enter a phase of correction and consolidation.

With the price testing lower levels yesterday, the previously gradually rising support line has been breached, which hinders Bitcoin's short-term upward momentum.

Based on this, the operational strategy going forward should still focus on short selling.

In the short term, after Bitcoin's price fell from its high point, the rebound space is quite limited, which falls within a normal correction range.

The current market rhythm is somewhat volatile; forming a one-sided trend will still require some time.

However, from the overall structure of the candlestick chart, the trend is bearish. The market is only waiting for an opportunity to accelerate a break, which is also the reason for the consistent recommendation to short in the past two days.

The previous decline did not exhibit an extremely weak state, but rather showed characteristics of volatility, so it can be regarded as a volatile downward trend.

In terms of operations, it is advisable to follow up with short selling during rebounds, and do not blindly chase shorts before an accelerated downward movement occurs.

On Friday morning, Bitcoin can be monitored near the range of 96800 - 97300, where short selling is recommended, with a target price around 95300.