BTC Midday Thoughts
From the 4-hour candlestick chart, after a large bearish candle, the market experienced a weak rebound with three small bullish candles, followed by another bearish close that broke below the previous low. The latest candlestick's body completely engulfs the previous bullish candle, highlighting the lack of sustainability in the bullish rebound, with short-term bearish strength further increasing.
Trading Suggestion: Consider entering short positions around 102000-102500 during the rebound, with the first target set at 101000, and if it breaks below, continue to target 100500. Strict stop-loss measures must be implemented to guard against the risks of a short-term oversold rebound, while closely monitoring key price level breakthroughs and flexibly adjusting position strategies. $BTC
