Is Bitcoin about to test the 110,000 level again?
Yesterday's trading advice:
Short Bitcoin at 118,500-119,000, target 117,000-116,000, stop-loss at 120,500;
Short Ethereum at 3,650-3,680, target 3,600-3,550, stop-loss at 3,720;
Currently, Bitcoin is still profitable, Ethereum had a spike last night that hit the stop-loss, the recent trends are indeed somewhat out of sync, and it seems the pullback is not over yet. Bitcoin can reduce positions and hold until around 110,000, while aggressive Ethereum traders can continue to short towards around 3,500; if it breaks, hold until around 3,300!
The strategy is time-sensitive, and specific guidance should be based on real-time updates!
