To be honest, a bunch of people are shorting around 1175, but if you take a look at the four-hour chart, you'll see it comes down, bounces up, comes down, bounces up, and keeps bouncing higher...
Really, don't just listen to what bloggers say; you need to use your own 👀 to see. There is indeed a resistance around 1175, and it was already blocked once last night. How many more times do you think it can block? Maybe once tonight, or it might break through strongly straight up to 120 or even a new high. Look at ETH, it simply can't go down, it's too strong. Previously, when Bitcoin was at this price, ETH was only 3400, and now? 3900! The upward trend is obvious and hasn't ended, just like when the first upward mode started. After breaking 98,000, it constantly bounces up and down, breaking new highs.
Unless the four-hour structure is broken, I won't casually short.
I've said what needs to be said; learn to trade and you'll understand what the market manipulators are doing in no time.
