$BTC Last week, I thought that Bitcoin would rise to 74,000 and end this downward trend. Everyone was happy and excited, but the result was different. The market was doused with cold water by a large player.
The 69,000 level was not held, and the market gave a false breakout, creating a long trap. I believe many retail investors have orders stuck above the 70,000 level. It may be a bit difficult to go back in the short term. If the price can climb above 69,000 and hold its ground, perhaps there is a glimmer of hope for getting out of the position.
Before that, I personally still focus on shorting. I will keep my order at 68,800 unchanged. If given the opportunity, I will enter. Currently, the ETH price has rebounded to around 2015. Pay close attention to 2040. At this time, it's okay to place a short order.
I suggest shorting Bitcoin in the 68-69 range and shorting Ethereum in the 2020-2040 range. We will discuss take-profit and stop-loss strategies in our live broadcast at 9 PM: $ETH
