$BTC A bullish engulfing has appeared, will you still short?
The big coin has risen by 7000 dollars in two days and has reached a critical position, what do you think?
It has already approached the resistance level around 93600, many people will short at this position, thinking that after such a big rise, wouldn’t there be a pullback? A pullback will happen, but the opportunity has not yet arrived. Looking at the picture, the continuous low points created during the previous decline still have certain liquidity. Do you think the whale won’t take this liquidity to create a false breakout and pullback?
In the short term, I believe the big coin will definitely touch around 96600 again. This is actually a relatively good short position. After all, a tall building must have a solid foundation. Given the current market, it at least needs to drop significantly once before a big bullish candlestick appears in 15! Recommended entry point for short at 95800, increase position at 96800, stop loss at 97650.
Compared to the big coin, ETH is performing stronger, as it has released good news about completing upgrades. At least it should lead ahead of the big coin. Recommended entry point for short at 3280, increase position at 3310, stop loss at 3335.

