Bitcoin keeps falling, will it drop further? Perhaps the opportunity is coming!

Shuqin is currently most focused on the 112,000-113,000 area, which looks very likely to see a significant rebound; it’s a good place to try going long.

Currently, Bitcoin is hovering around a small support level of 114,500. We discussed this area in the square yesterday, mentioning that it would rebound. ETH should also see a slight rebound around 4,200, so Shuqin led everyone to go long, reaching around 117,000, which I am quite satisfied with. Many traders even reversed and shorted.

Now Bitcoin has fallen to 114,500 for the second time, testing the bottom. I am paying close attention to whether it can stabilize. If it does, there might be another rebound. However, since we already took profits from the first rebound, the risk is greater this time. For those who want to take a chance, you can try again. I am more focused on the 112,000-113,000 area. If it holds, there could be a significant rebound; that would be a big gain.

Ethereum has performed reasonably well. Yesterday I mentioned that the support at 4,200 would see a rebound, and it did indeed rebound to 4,400. However, I am more focused on the trading zone between the major levels of 4,000 and 4,100. We are updating these operations in real-time, and recently all our trades have been successful~