Currently, Bitcoin and Ethereum are seeing significant capital inflow from major players! Be cautious about shorting!
From on-chain data, the long-short ratio is clear, with shorts > longs.
And because of this, major institutions will not easily let retail investors succeed; the more people open short positions, the more the major players will drive up the price to liquidate those shorts!
If you didn't buy the dip in the last couple of days, be patient and wait a bit.
BTC resistance above: 110800 111980
ETH resistance above: 2645 2680 2748
Friends looking to short can consider opening shorts near the upper resistance levels of BTC and ETH.
The above strategy is for reference only and should not be taken as investment advice. Please manage your own profit-taking and stop-loss risk control!
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