Bitcoin insights on Friday morning:

Overnight, Bitcoin stretched slightly and reached a high of 59,600 before falling under pressure. In Lin Kun's daily summary, he suggested in his blog that Bitcoin rebounded to 59,350-59,850 to go short. The market was in line with our expectations as expected, and the short position also won 800 points again and left the market. The current market has returned to the vicinity of 59,300 and is oscillating. Remember that the rebound is just a power accumulation, not a reversal signal. Don't be misled by such market trends. The follow-up is still a flood discharge. Keep up?

From the 4-hour chart, the market began to stretch after bottoming out. Although it showed 4 consecutive positives, the rebound was still not strong enough. After all, there was a period of time when the market trend was to usher in another wave of flood discharge after a period of repair, so this time is no exception. After all, the downward space is too large, and it also takes time to repair. The rebound is a correction, not a reversal. Bitcoin has signs of accumulating momentum to continue to decline in the future, so we still keep the bearish thinking unchanged!

In terms of Bitcoin morning operations, Lin Kun personally recommends that the price rebound to 59450-59850, and the target can be around 57000-56500! #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