Good things are worth waiting for. A couple of days ago, I mentioned that the Bitcoin price would be below 100,000. The current price has plummeted sharply, breaking through the 100,000 mark. Long-term shorts have perfectly captured a 6,000-point exit. The current price has stopped falling, but all indicators still lean towards bearish. So now we just need to wait for a rebound to continue shorting.

The daily chart shows a large bearish candle, forming an engulfing pattern that engulfs the previous bullish candle, indicating a strong reversal signal. Bulls should be cautious of risks; it is advisable to look for bearish opportunities during the rebound.

The four-hour structure of Bitcoin is currently experiencing a support conversion and pressure testing. The candlesticks are continuously bearish, showing sustained downward momentum. We are waiting for a rebound around 100,300-101,000 to continue shorting, watching the 92,500 level.

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