Bitcoin/Ethereum
Because of Thursday's surge and fall, funds involved in the short game have increased. It is recommended that you stay calm or try not to be anxious. Predicting and judging the market is never about making any judgment for any reason. In my understanding, it is probably a kind of bilateral deduction. In this process, you can find a trading position that suits you.
The current Bitcoin price can either rise strongly or gradually, but who can say it will definitely rise? I personally cannot find a support point. Even though I think it will definitely reach around 40,000, I don’t know when.
As for downward movement, it should continue to rise and fall today, Saturday, and break the original upward state at a faster speed, probably breaking through around 34,000 to destroy the short-term trend and enter a reverse cycle.
In summary, with Bitcoin currently around 34,700, there is no point in either long or short operations. In addition, given the weekend factor, it is wonderful to spend time with family, and we are waiting to observe the market further.
