Bear markets are the ultimate deterrent! Bullish illusions shattered, will the decline continue? Let's take a look. Bitcoin is currently in a continuation pattern within a downtrend, suggesting further significant drops are likely. After falling to 80,000, Bitcoin climbed for two or three weeks, seemingly in a positive direction, but this is actually a continuation pattern within a downtrend. It has now broken the trend line, which is very dangerous. However, after such a significant drop, a rebound is possible. For example, there is some support around 86,000 for Bitcoin and around 2900 for ETH. This morning, I advised everyone to take profits on a small rebound. Now, with a second bottom test, ETH has a chance to rebound to near 3000 before continuing its decline. For a more conservative approach, consider taking profits around 2970. Also, there will be significant volatility tonight because the unemployment and employment data will be released at 9:30 PM. Due to the previous shutdown, the data is highly uncertain, and the market is waiting for the results before making any moves. We'll see how it fares after the results are released tonight. Remember to follow me! In general, a bear market means everything goes to zero. Even the tough nut to crack, BCH, was successfully shorted by us and has now reached a new low of 510. We expect some support near the 500 mark, where we can take profits. WLFI has fallen 30% from 0.176. Anyone who shorted with me at any price should have made a considerable profit by now. My current hope is that the price will rebound slightly, giving us a higher entry point for shorting. That would be even better. Let's keep trading daily!
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