Bitcoin remains predominantly bearish in the short term. The hawkish stance of the Federal Reserve, weak performance of US stocks, and profit-taking outflows all contribute to the downside.
Technical indicators show moving average death crosses pointing downward, indicating a weak rebound. This is a correction after a sharp decline, and the bearish momentum has not yet dissipated.
Maintain a high short position strategy, and be cautious of the risk of a second bottom break. Avoid blindly bottom-fishing.
Bitcoin: Short around 65,500-66,300, with targets down to 62,000-60,000. If broken below, c
View Original