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Follow the experts without getting lost
Thursday, Bitcoin rebounded to fill the gap and tested resistance. If it does not break 91,000, consider shorting at the resistance point.
Today’s focus: after Bitcoin bottomed out and rebounded, it filled a gap. You can’t keep blindly shorting here. The Asian session’s return above the 90,000 level indicates that short-term buying interest is starting to emerge. Pay attention to the 91,000 and 92,400 levels, which serve as reference points for short positions. Be patient and wait for the right moment; do not rush into trades.
After a continuous decline on the daily chart, two consecutive bullish candles recovered and corrected. Local bullish volume accompanied by a surge to test resistance shows that there is still room for a short-term rebound. Until the trend changes, it’s best to short at high levels. If a stable breakout above the middle band occurs, then consider reversing to a long position. Avoid chasing the market with frequent position changes.
Bitcoin: Suggest shorting in the 90,800-91,100 range, with a target of 87,800.
Ethereum: Suggest shorting in the 3,070-3,100 range, with a target of 2,885.