The recent movement of Bitcoin has been quite interesting. After a surge, it dropped sharply, with the lowest reaching around 89,300. We followed the trend and went short, locking in quite a bit of profit so far. But this level is quite intriguing; last night, there were faint signs of a rebound, so we need to remain cautious — avoid blindly chasing shorts and follow the market rhythm.

From the daily chart, the situation is quite clear. The large bearish candle at the high levels is pressing down hard, and any rebound is being suppressed by it. The moving average system also turned downward in sync, forming a classic super-sell pattern. That bearish candle directly engulfed the previous bullish candle, indicating strong bearish momentum. During a rebound, we continue to go short.

This morning's strategy is straightforward: short when the price rebounds to the 91,350-91,850 range, with targets around 90,000-89,500. Stick to your trading principles; when the market changes, our trading approach must adapt accordingly. That’s the key to consistent profits.