I’ve been watching the market for two days, and it just hasn’t been able to move up. I’ve taken a few short positions and made a profit.

Now: $BTC
There are still two hurdles overhead: 80k and 83k.

There’s buying support around 80k. It doesn’t look like institutional buying; it seems more like passive spot buyers absorbing selling pressure. Along with deleveraging in the futures market, that’s temporarily kept prices stable. U.S. ETFs have recently seen net outflows.

I think we’ll get an answer soon. I’m still bearish!

Now, about:
$INTC
I’m bullish on Intel in the long term, but this isn’t a great time to get in for the short term. Quite a few people bought U.S. stocks on Wednesday, but looking at things now, they’re all deeply underwater.

For INTC, keep a close eye on the 80–75 price range and whether there’s any buying support. If buyers show up at this level, getting back to 100 shouldn’t be a problem. But if it breaks below this range, it could head down to at least 65. I don’t think INTC will fare that badly, though.

Waiting for the right time to buy the dip in U.S. stocks!