Good morning on Wednesday! The order from last night rebounded successfully this morning, starting off with a bang! 🎉 Keep having fun!
The current market trend is down, with bears holding a significant advantage. Bitcoin dropped to 68800 last night and then started to rebound, currently oscillating between 70000-70500.
Key points (important to remember):
- 70500 is a hurdle: if it breaks through with volume, it can touch 71000; if it doesn't break through, it will have to drop back.
- 70800-71500: This is a good range for shorting.
- Target: looking to drop to 68900-68000.
Trading advice: short on highs, don't chase the rise!