After the CPI data was released yesterday, the price of Bitcoin has been falling. In the evening, the short-selling forces attacked again and fell directly to the low of 58,900. I have clearly told you the key points for shorting and long positions before. After falling to this low point, Bitcoin began to rebound, and now the price is around 60,300.
Judging from the current market situation, after Bitcoin reached the low point of 58,900, it fluctuated and rose back to above 60,000, but the rebound momentum was not strong enough and failed to continue to rise. Next, we have to pay attention to whether Bitcoin will fall to that low point again. My point of view is that we can still consider shorting.
In short, if Bitcoin rises to the range of 60,800 to 61,300, everyone can consider shorting, and the target price can be seen in the range of 60,000 to 59,000.
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