Bitcoin has surged to 99,400 from 97,077,893,435; can we short it? The momentum is strong, at most a very short-term short position can be taken, with a stop loss set at 100,200. The profit margin is too small; 99,900 is a better position than this one.
If I say it can reach 101,100, it's not impossible. If you get trapped in a short position, you can add to your position at market price above 101,100, and significantly reduce your position or exit when you break even.
Bitcoin has only a 2% intraday increase, and it hasn't shown a decent daily increase, which is unreasonable. A rising trend must lead to a significant increase. Do not easily short Bitcoin; if you short, be quick to take profits and exit. $BTC