On shorting BTC and ETH, I’ll say this one last time.
What are people afraid of? On the macro front, a stronger dollar, inflation, and interest rates are all weighing on the market. Yesterday’s rally was a bull trap, followed by long liquidations, while ETFs continue to see outflows. The technical picture is even clearer—the bull flag on ETH has already broken down.
Of course, these are just the factors and trends at play right now. Ultimately, we’ll have to wait for the CPI data to point us in a direction. For now, BTC has strong support at $81,000, while ETH has strong support around $2,430.
Until the market picks a direction, position sizing is everything. $BTC $ETH
#比特币 #以太坊 #MarketAnalysis
What are people afraid of? On the macro front, a stronger dollar, inflation, and interest rates are all weighing on the market. Yesterday’s rally was a bull trap, followed by long liquidations, while ETFs continue to see outflows. The technical picture is even clearer—the bull flag on ETH has already broken down.
Of course, these are just the factors and trends at play right now. Ultimately, we’ll have to wait for the CPI data to point us in a direction. For now, BTC has strong support at $81,000, while ETH has strong support around $2,430.
Until the market picks a direction, position sizing is everything. $BTC $ETH
#比特币 #以太坊 #MarketAnalysis