Last night's dip to 62400 and the successful take-profit of short positions was the right move. Although there has been some fluctuation in the short term, the overall bearish trend remains unchanged.
Currently hovering around 65000, the rebound strength is still weak. Since the larger cycle is still favoring a downtrend, the trading approach should continue to follow the trend. Shorting on rebounds remains the main strategy.
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Wednesday afternoon, August 25th BTC/ETH Sharing
Last night's dip to 62400 and the successful take-profit of short positions was the right move. Although there has been some fluctuation in the short term, the overall bearish trend remains unchanged.
Currently hovering around 65000, the rebound strength is still weak. Since the larger cycle is still favoring a downtrend, the trading approach should continue to follow the trend. Shorting on rebounds remains the main strategy.
Trading suggestions:
Bitcoin (BTC) in the 65300-65800 range, target 63000
Ethereum (ETH) in the 1910-1930 range, target 1770
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