Thursday Intraday Summary: The market's bottoming and rebound is a normal method, not a reversal signal. The intraday short position at 86850 realized over 1000 points of space, and the midnight strategy continues to be short!

Regarding Bitcoin's trend, Lin Kun has repeated many times in one day that the strategy is to short. The market trend is also very extreme. Today, Bitcoin broke down again. Although we did not keep up with this rhythm, it also validates Lin Kun's viewpoint. I mentioned yesterday that the bearish trend has not ended. I wonder how many old friends have truly listened to this?

Today, Bitcoin bottomed around 82250 and then strongly rebounded, reaching a daily high near 87000. The rebound strength is indeed there, but this does not mean that the market trend has reversed. Therefore, we also entered short positions around 86850 during the session, and since the market trend is a bit slow, we simply harvested over 1000 points and left hastily!

In the evening, Bitcoin also touched a low around 84640 and stopped, entering a choppy rhythm. So far, the coin price is hovering around 85500. As mentioned before, do not be eager for quick success, and do not chase highs and kill lows. Although the market is currently dominated by bears, do not underestimate the rebound strength. So, we should still maintain a high short strategy!

Regarding Bitcoin's midnight trend, Lin Kun just mentioned in the live broadcast that since the market has refreshed the low point and opened up downward space again, the bearish trend has not ended. Any rebound is an opportunity for shorts. Therefore, we will continue to maintain a high short strategy!

For Bitcoin's midnight operations, Lin Kun personally suggests shorting on the rebound at 86350-86850, with a target looking down at 84000-83500!

With the trend, it feels light; against the trend, it gets messy. Recently, we have been saying that the bearish trend has just begun, and the rebound is a short opportunity. Recently, shorting has also been smooth sailing. The rebound is just a paper tiger; do not be misled by the seemingly strong rebound on the surface. The trend is still bearish!