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Has the Bitcoin market reversed? Should we go long or shorting now?
The recent rebound in the cryptocurrency circle that started last night is due to the fact that it has dropped to the major support level of 100,000, so the rebound that has begun will be larger. This is not a small wave rebound, but rather a significant rebound from 110,000 to 100,000.
I expect that BTC will encounter strong resistance again as it rebounds close to around 107000. I will set up shorting positions when it approaches this level, and I believe the odds are quite favorable.
From the perspective of news, the recent rise in BTC is due to better-than-expected employment data, with the US stock market surging close to historical highs.
So BTC also surged, and we informed everyone of the positive results as soon as the employment data was released yesterday. Moreover, we advised everyone to go long above 101000 yesterday morning, resulting in a significant long position. Currently, BTC's trend has not deviated from our expectations, and we are waiting for the rebound to complete before we short again! #ไบคๆ็ญ็ฅๅไบซ# #ๅจๆซ่กๆ ๅๆ# #ๅ ๅฏๅธๅบๅ่ฐ#