$BTC Bitcoin daily just closed at 88300. Last night, it hit the breakeven loss position, and it has recovered overnight. The daily level shows a rebound, and it has not tested the weekly level around 85500. Market news is also leaning towards bearishness. In my opinion, there is a higher probability of Bitcoin fluctuating upward in the next couple of days. If it can once again stabilize above 91500, it would not be a good idea to short it again.
$ETH Ethereum closed near 0.618 on the daily level at 2938. It’s the same, unable to go up or down overnight. After hitting a low below 2800, the consensus is to short on a rebound. The rebound has been sideways for too long, accumulating too many shorts, so it won’t drop that quickly.
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$BTC Bitcoin daily just closed at 88300. Last night, it hit the breakeven loss position, and it has recovered overnight. The daily level shows a rebound, and it has not tested the weekly level around 85500. Market news is also leaning towards bearishness. In my opinion, there is a higher probability of Bitcoin fluctuating upward in the next couple of days. If it can once again stabilize above 91500, it would not be a good idea to short it again.
$ETH Ethereum closed near 0.618 on the daily level at 2938. It’s the same, unable to go up or down overnight. After hitting a low below 2800, the consensus is to short on a rebound. The rebound has been sideways for too long, accumulating too many shorts, so it won’t drop that quickly.