You guys account still doing great?
Yesterday, Bitcoin's market trend was weak, with a morning rebound to around 60,500 followed by a drop to a low of 56,750 before rebounding again, currently stabilizing around 58,450. Shorting strategies proposed for both morning and evening sessions proved successful.
Technically, the four-hour chart shows downward-trending Bollinger Bands, indicating ongoing weakness despite some rebound. The recommendation is to short around 59,600-58,600 and target 57,300-56,800 for short term, target 53,000 for long term, switching to long positions if the downward trend doesn't continue, with an 800-point stop-loss based on position size.
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