Thursday night Bitcoin insights:

It is still a bit difficult for Bitcoin to reverse directly. It is not enough for Bitcoin to reverse directly again. I personally think that the strong rebound is in place. For those who have not entered the market, Bitcoin is currently priced at around 58,600. We are still holding the intraday 58,400 short position. Don't panic, don't panic at all!

From the 4-hour chart, the moving average is still dead cross downward, and the 4-hour double top structure still exists. The moving average resistance is still under pressure, and there is still resistance above. The pull-up is just accumulating power, and the rebound is only a short-term thing, not long-term. Just go short!

Rebound does not mean reversal. Don't be confused by the superficial strength. Whether Bitcoin really turns to long or not is still uncertain. It is not uncommon for news market to be accompanied by a high and fall, so continue to go short! #美联储何时降息？ #5月市场关键事件 #比特币现货ETF持续淨流出 #BTC下跌分析 #4月非农数据即将公布 $BTC $ETH $BNB