Very strange market. The day before yesterday, Bitcoin and Ethereum showed a significant pullback, but yesterday they made a strong bullish comeback 😓
Yesterday morning, Bitcoin had a small volume rebound with minor steps, which I judged to be a rebound from an oversold condition + a trap for buyers. As a result, by the evening, both Bitcoin and Ethereum exploded, hitting our short positions, and I felt something was off. Sure enough, Bitcoin broke through the resistance level near 108500, and Ethereum also broke through 2600 in the early hours. The market quickly reversed its downward trend and started to strengthen again 📈
This back-and-forth market requires less subjective judgment and more respect for the price action 😩
