The price of Bitcoin has dropped to the low point from May, and technically shows oversold and bottom divergence.
It has fallen quite a bit, and the position has reached the support level, but we still can't confidently say 'this is the bottom'.
For beginners, at this position, you might consider:
Selling part of your short positions.
Moving the stop-loss line of the remaining short positions down a bit.
As for those who want to buy now:
Beginners should preferably stay away.
This price movement is only something that experienced short-term traders might try.
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