Is there still a chance to rebound to around 98000? It feels a bit foolish to short at this position.
WAVE猎哥
--
Half an hour ago, BTC has already dropped below 95,000. Following last night's warning to my brothers about BTC triggering the 1️⃣h main downtrend model, this afternoon I warned everyone that Bitcoin broke below the 4h lifeline at 96,554. The market looks very pessimistic, so please hold back your hands. It would be frustrating if you rush in and get trapped again! Alright, let's return to the market. From Bitcoin's daily chart, the situation is already very dangerous. Yesterday, we saw a large bearish K candle with high volume, and today it has already fallen below the daily lifeline at 97,036, feeling precarious! All signs indicate that the daily-level rebound for BTC is game over! Therefore, the upcoming market is not optimistic, and the idea is to take any rebound short! In short, a major downtrend may be released more quickly within the next week or 10 days! So I believe if you still have bullets on hand, hold back well, and do not operate against the trend!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.