Friday thoughts, Black Friday, continue to short
This time again escaping the top above 110,000, considering last month successfully escaping the top twice, the entry points have been quite comfortable. This month, the short position for Bitcoin was entered at 110,300, continuing to target 95,000, still a case of major break and establishment.
Currently providing a swing trading idea, Bitcoin rebounded near 2,600 this morning, with the market bouncing back nearly 3,000 points. This is just a corrective rebound after the decline, not considered a reversal trend, so just enter directly at the given position.
Short near 105,100, with a swing target of 101,000. Just focus on the short-term defensive position.