I never expected that last Friday's pump of BTC was just to lure in more buyers. Whether you're short or long, everyone has to queue up to go to the rooftop...
Last Friday, the price peaked at around 117, seemingly stabilizing above the daily EMA 21 and 25, but over the weekend, it oscillated downwards and eventually broke below the support level. On the daily chart, it really looks like it needs to test 106.
Fortunately, we managed to hold onto the ETH pump last night; otherwise, we wouldn't have been able to withstand such volatility from BTC. Yesterday during the day, we also opened a long position in BTC, and after averaging down due to a spike, our average price came to around 113. We stayed up late into the early hours until the price rebounded and crawled back out.
That said, our direction moving forward should still mainly focus on short positions. Based on the four-hour and one-hour EMA indicators, the maximum rebound position is likely around 1125-1135. Let’s see later if there will be an opportunity for me to enter at #BTC $BTC .