Recent trends have fallen to around 91,000, and for the short term, we still don't see signals of a bottom. How should we face this!
After a three-day drop to the ten-thousand point range, it's another cleansing phase. Although Old Black didn't achieve a complete victory with short positions, he still gained several thousand points!
With Friday's non-farm payroll data coming up, should we buy the dip or follow the trend?
The overall trend is currently bearish, but after an oversold condition, we can't blindly chase shorts. Pay attention to short-term rebounds, and focus on shorting after the rebound!
The current price of Bitcoin is around 92,700; first, we look for 1,000–1,500 points above before considering a pullback to short. If it breaks below 91,000, we will directly look at around 88,000!