It's Friday again, and Bitcoin showed a trend of rising and then falling in yesterday's performance. After rebounding to the 28100 area, the price fell under pressure and stabilized around the 27300 area, currently consolidating around the 27400 level. There is still a potential downside of more than 800 points. Yesterday also suggested a bearish approach, and although the rebound exceeded expectations, the overall trend has been following the suggested approach. Short-term decline did not provide an effective rebound, so the focus going forward will continue to be on the continuation of the bearish trend. Participation in the market with a bearish approach is recommended!

Currently, the daily trend is under pressure at the high level, and the market has consistently struggled to break through the upper resistance. In a weak market, there is no need to overcomplicate things. Simply participate in the market trend. In a weak phase, if the rebound is weak, then look for a decline. The 4-hour chart shows clear signs of a turning point, and the moving average indicators are also extending downward along with the price, indicating a valid continuation of the bearish trend. Therefore, the main focus in terms of layout is to follow the bearish layout. In the short term, there is no effective opportunity for an upward rebound, so take advantage of any rebound to look for a decline.

In terms of future Bitcoin operations, it is recommended to short the rebound in the 27600-27800 area, with a target focus on 26800-26300.

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