Is Bitcoin acting strangely? What signal does the plunge and rebound send? Today, let's discuss the future trends of BTC and ETH. As shown in the chart, BTC's current trend is quite predictable. It plunged to a previous low of 87,000 early this morning and then rebounded. Since this was the bottom of previous drops, the rebound is quite normal. So, where can we short again? We can clearly see in the chart that the last rebound first reached a minor resistance level around 90,000 before retracing, then reached another resistance level around 92,000 before retracing again. Therefore, those who like short-term trading can short around 92,000, with a good chance of profiting from the 2,000 retracement. More aggressive traders could short at 90,000, but this is less stable and should only be attempted with a small position. Ethereum, on the other hand, is stronger, so Bitcoin is still the better choice for shorting. Overall, our short-selling advice from yesterday was successful, yielding a 3000-point profit for Bitcoin. This rebound, especially around 9.2 and the previous high of 93,500-94,000, presents excellent opportunities to short again. You can try shorting again when these levels are reached. Currently, market volatility is lower than in a bull market, requiring more patience. Consider both long and short positions at key support and resistance levels to gradually accumulate wealth.
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