The morning strategy called for shorting around 74,000, and so far it has played out precisely. The market dipped to a low of 73,184, capturing nearly 800 points of movement. We’ve easily locked in the profit from this move.
Looking at the current market, 74,000 has become a key resistance level. The price has repeatedly surged and then pulled back, failing to stabilize. This is enough to show that bears have firmly capped the upside, making a rebound difficult.
So our approach going forward remains focused on shorts, closely following market trends. The same applies to Ethereum.
Trade recommendations: Place Bitcoin short orders in the 73,800–73,600 range, with targets at 73,000–72,000.
Ethereum: Place short orders in the 2,065–2,055 range, with targets at 2,300–2,000.
Looking at the current market, 74,000 has become a key resistance level. The price has repeatedly surged and then pulled back, failing to stabilize. This is enough to show that bears have firmly capped the upside, making a rebound difficult.
So our approach going forward remains focused on shorts, closely following market trends. The same applies to Ethereum.
Trade recommendations: Place Bitcoin short orders in the 73,800–73,600 range, with targets at 73,000–72,000.
Ethereum: Place short orders in the 2,065–2,055 range, with targets at 2,300–2,000.
