Bull market? Bitcoin strongly rebounds to 20,000 points!

Good afternoon, brothers, are you high yet? If you were short all the way down, you should be really high by now, right? I dare say that out of 10, 11 are chasing shorts, am I right?

It's too strong, there hasn't been any pullback; the bearish news has all been released, and what's next is the Ethereum upgrade and interest rate cuts.

Right now, it's best to stay in cash; both long and short positions carry a lot of risk. Preserve your capital, don't come asking again about what position you’re stuck in and how to resolve it. Isn’t it painful to hold on? Can you even sleep?

There’s pressure above for Bitcoin, big pressure, watch 95,000 and 98,500; consider entering short only at these two levels. If this rebound reaches 98 and stabilizes above 98 on the daily chart, then it’s strongly bullish, which would mark a new round of the bull market.

If Ethereum makes up for lost ground, it could easily increase by another 10% in a day, which is not impossible. Bitcoin at 94, Ethereum at 18; last time Bitcoin was at 94, Ethereum was at 2600. If Ethereum retraces to around 1680, you can consider going long; 1680 is the top of the consolidation area. If it retraces without breaking that level, be bold and go long with good stop-loss management.