On Wednesday, November 19th, weak downward movement, a Rebound is still needed.

It’s Wednesday again, a turning point for market fluctuations. Bitcoin's recent trend has continued to show weakness, with a downward movement hitting a low of around 89200 yesterday. In the short term, there has been a rebound, currently returning to around 92600. After suggesting a high short strategy yesterday, the market overall experienced a decline of 3000 points. Although there has been some rebound, the overall trend structure has not changed, so we will continue to maintain a high short strategy!

From the daily chart perspective, the overall market is showing a weak downward trend, with basically no significant rebounds in the price movement. After small bullish candles, they have all been engulfed by bearish candles, indicating that bearish sentiment is still quite strong. The downward movement is clearly in an extended state, so the main rhythm must be bearish. Furthermore, in the wave correction structure, the rebound strength is insufficient, which is a common rebound correction, using time to exchange for space. The rebound correction builds up strength to break lower, and the downward trend remains unchanged, so continue to maintain a high short strategy!

On Wednesday afternoon, it is recommended to short Bitcoin in the range of 93000-93500, with a target looking at the 90000-88000 level.

The judgment of trends must follow one’s heart, and the technology has reached perfection. At any time, trading should not go against the market direction, nor diverge from its operational trajectory. Going with the trend and riding the momentum is not only a stir at the tip of the pen but also an application in practice. #逆势上涨币种推荐