Be careful, the rebound in the crypto market that started last night belongs to the phase where it has hit the bottom, having dropped to the significant support around the previous low of 100,000. Therefore, the rebound initiated will be larger, because what is currently happening is not a small wave rebound but a significant rebound from 110,000 to 100,000.
I expect him to rebound close to around 107,000, where he will encounter strong resistance again. I will set up a short position when approaching this level, as I think the odds are quite good.
From a news perspective, this rise in Bitcoin is due to better-than-expected employment data, and the US stock market is surging close to historical highs.
So Bitcoin has also surged alongside this. We informed everyone of the positive results as soon as the employment data was released yesterday, and in the morning, we advised to go long above 101,000 at home, which resulted in substantial long positions. I have also posted about this in the plaza. Therefore, the current BTC trend still aligns well with our expectations. We will wait for the rebound to finish, and I will take a high short position again!
