Currently, the large positions in Bitcoin and Ethereum on the exchange have significantly surrendered, accompanied by right-side long positions entering the market;
In conjunction with the historical situation of this data, the next steps will either continue to trend or quickly experience a pullback; this position will not stay for long;
Finally: Recently, left-side short positions have not been easy to manage. Although there have been pullbacks after each peak, the pullbacks have been minimal, and after each pullback, new highs are again being reached, making it quite challenging. Right-side short sellers are left confused about their losses;
If you are not adept at trading in such conditions, it is advisable to patiently wait for the market to stabilize before making moves, or to participate with smaller funds.
