It's a fair rebound! The short positions are fully executed!
I mentioned before that the peak for Bitcoin is around 107,000, and the second wave of altcoins has already seen excessive liquidation at 4,100. Currently, both are experiencing pullbacks after hitting their peaks!
Those who shorted the market yesterday got a good average price. However, increasing positions to pull the average price around these turning points is not appropriate. Bitcoin at 107,500 offers an average of 1,800 points down to 105,700, while the altcoin range of 4,095-3,990 offers 105 points of space! The market has reached nearly 120,000, strengthening the foundational positions! Liquidity is good, but those who chased high after staying up late will definitely suffer today. No doubt about it.
Jiang Sheng stayed up all night and got good results. Posts at three, six, and seven o'clock all expressed a bearish outlook! Is this confirmed? It compensated for yesterday's early view, offering a threefold rebound!
