The Bitcoin daily chart has closed with a bearish candle, followed closely by a typical "bearish cannon" structure (two consecutive bearish candles sandwiching one bullish candle), which is a clear bearish signal. It is this understanding that led me to predict further declines.
The price has now fallen below the 115000 level, and on the hourly chart, the moving averages are beginning to spread downward. Our short positions have already made profits, and at this time, we certainly want to look further down. Using the profits we have earned to seek more profits makes our mindset naturally more relaxed. Remember, always set a good stop loss.
Operational Suggestions
Short Bitcoin around 115500-116000, targeting 114000-113000.
Short Ethereum around 4235-4245, targeting 4180-4150.
