Good morning, on Saturday it was suggested to continue adopting a Rebound strategy. We saw a rebound to 104000 during the day on Saturday before it strongly declined again. The decline has continued until 4 am today, gaining 6000 points of space. Will it continue to go lower today?

The current trend is judged to be in a new downward wave. At present, the third small segment has been completed, and it is expected that today will show a volatile rebound trend. After the rebound is completed, it is likely to continue downward. Since today is a volatile rebound, high selling and low buying can be adopted. The main pressure for Bitcoin is between 101500-102300. The first short-term pullback target is at 99800-99400. Once the pressure zone is touched for the first time, one can consider positioning downwards. If the pullback reaches the target, one can participate in the second rebound.