Let's talk about today's market outlook
Today we are observing how it behaves. In fact, the current rebound can be seen as an opportunity to enter short positions at market price. This is a reminder for those who haven't entered yet, because Bitcoin has already fallen out of its pattern range. Therefore, we should continue to look down towards the 103,000 - 101,000 area. Moreover, just an hour ago, the rebound touched the green area, faced resistance, and then fell back, which further confirms a bearish trend.
The same reasoning applies to Ethereum. The support in the green area for Solana was drawn around the 20 mark, which is also our take profit point for shorting Solana. When it broke the trend line and rebounded, entering short positions since then could yield a profit of 13 USD.
So, set your stop-loss, and engage in a right-side trading strategy. Meanwhile, the bulls should set ambushes below, and not limit themselves to short-term trades.
