I must emphasize this clearly:
Whether it’s $BTC or $ETH ,
what we’re seeing now is a rebound, not a reversal.
That means prices may continue to fall after bouncing back up.
The safest approach is definitely to short the rebound,
because the daily downtrend has not reversed.
If you do go long, be sure to manage your risk and don’t get carried away.
The main strategy is to look for opportunities to short on rebounds.
For a preview of the price action, see the chart below. DYOR.
Everyone should have a clear understanding of this.