Yesterday, Microsoft shareholders voted against allocating Bitcoin, and the price fell below $95,000 at one point. After approaching $94,000, it rebounded, showing a wide fluctuation pattern.
The short position for Bitcoin at $97,800 given during yesterday's lunch and the short position for Ethereum at $3,760 were timed perfectly, yielding gains of $3,700 and $240 respectively.
From the market perspective, Bitcoin has broken through important support levels in recent days. Initially, there was a spike down followed by the consolidation of a solid bearish candle, confirming a downward trend, making it difficult to surpass the $100,000 mark in the short term.
On December 11th
Bitcoin is expected to rebound to the short position range of $98,200-$97,700, with a target of $96,700-$93,600 and a stop loss at $98,800.
Ethereum is expected to rebound to the short position range of $3,720-$3,680, with a target of $3,620-$3,470 and a stop loss at $3,770.