The current market options for $BTC are somewhat abundant. If there is a rapid rise during the day, the subsequent market will be easier to operate. If a decline is chosen, it depends on how it declines; if it declines slowly, around 89600 is what I consider a reasonable area for a second wave upward.
Continue to hold short positions, but be aware that the market may choose to make a slight upward move before quickly dropping again, so set your stop-loss to protect your capital.
Whale accumulation and bottoming is one of the early signals of a bull market. If we extend the cycle to a yearly basis, the current market can be viewed as the beginning of a bull market. Additionally, there is still a possibility of rising to 150,000 in May, depending on whether the value of Bitcoin can be discovered and recognized by the market. Relying solely on bank purchases and emotional drives is not enough. The introduction of the U.S. government's cryptocurrency regulatory bill will be a landmark event, and it will bring a prolonged bull market, with another wave of wealth creation opportunities on the horizon.
