Bitcoin opened a large short position around 92,500-93,000, with more than 200 million long positions closed. This wave of longs can be analyzed as reaching the top, and the monthly chart is also approaching the resistance level. If Bitcoin does not break through 95,000, then it will likely move towards the bottom of the monthly range, below 87,500, and Ethereum below 2,950!
During the day, buy longs at 91,800 with a stop loss at 91,000. Short Bitcoin at 93,000-93,800 with a stop loss at 94,800. Buy longs at 3,160-3,180 for Ethereum with a stop loss at 3,140. Short Ethereum at 3,200-3,250 with a stop loss at 3,280.
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Bitcoin opened a large short position around 92,500-93,000, with more than 200 million long positions closed. This wave of longs can be analyzed as reaching the top, and the monthly chart is also approaching the resistance level. If Bitcoin does not break through 95,000, then it will likely move towards the bottom of the monthly range, below 87,500, and Ethereum below 2,950!
During the day, buy longs at 91,800 with a stop loss at 91,000.
Short Bitcoin at 93,000-93,800 with a stop loss at 94,800.
Buy longs at 3,160-3,180 for Ethereum with a stop loss at 3,140.
Short Ethereum at 3,200-3,250 with a stop loss at 3,280.