$BTC Bitcoin surged again in the morning, and we decisively entered the market to set up long positions, successfully securing a substantial profit of 1000 points as expected. However, the upward momentum is indeed limited; the price just touched around 97700 and hit an invisible wall, quickly starting to retreat. The market turned sharply down, quickly spiking and then rapidly falling back, returning in the blink of an eye to a bearish-dominated pattern. Although Bitcoin's price is currently fluctuating violently, from an overall trend perspective, the bearish forces still hold the upper hand. Therefore, if Bitcoin rebounds subsequently, we can decisively set up short positions again.

Analyzing from the technical structure on the four-hour chart, although the moving averages currently show a bullish arrangement after a golden cross, the divergence between the price and the moving averages has become excessive, indicating an obvious overbought state that urgently needs adjustment and repair. The current moving average divergence remains high, and an adjustment could erupt at any time. Moreover, in the morning, Bitcoin faced the key resistance level of 98000, making multiple attempts to break through without success, indicating that a deep adjustment in the market is very likely in the short term.

For the afternoon operational strategy, aim for a direct short between 96500-97000 with a target of 93500.