To make a long story short, the price of Bitcoin rebounded and then fell yesterday, in sync with Jiang Wei's strategy. The price hit a low of around 93,000, forming a double bottom pattern. After a night of recovery, the price rebounded to a high of around 95,900, and the overall market continues to oscillate within the range box.

In the four-hour structure, the price has repeatedly touched the middle track under pressure. Currently, the Bollinger Bands are opening downwards, and the MACD shows a decrease in bearish momentum, indicating that there is short-term rebound potential. Therefore, after this wave of rebound ends, we will continue to wait for shorting opportunities. The first shorting pressure is at 96,600, and the second at 98,500. It is recommended to short at the first pressure level during the rebound; if it breaks, continue to short at the second pressure level.

Currently, you can consider looking bearish in the range of 96,600-97,000 in batches, with a target of breaking down to 94,500 and then looking at the 93,000 level. The points are for reference only.

How to relieve worries? Only Jiang Wei can help. Follow the public account.

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