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Thursday, a double reversal, bears crushed
Bitcoin surged by 6,000 points yesterday, mainly driven by the positive earnings report from NVIDIA, which boosted the entire crypto market. Our short positions from yesterday are a bit regrettable; we took some hits of a few hundred points without exiting, only to be stopped out. No choice but to hold on and keep fighting the shorts.
This morning, Bitcoin briefly touched the 70,000 level before stalling. Currently, market sentiment is euphoric, and it's inevitable that many are calling for a bull comeback. As the saying goes, "When others are fearful, I am greedy; when others are greedy, I am fearful." Resistance is heavy around previous highs, so I won't chase high here. The overall trend remains bearish.
Bitcoin: Short in the 68,500-69,000 range, target 66,500, with a further drop to 64,200 if broken.
Ethereum: Short in the 2,065-2,090 range, target 1,970, with a further drop to 1,850 if broken.
There's no reason to eat meat every day; occasional losses are normal. Be fearless and keep going. Wishing everyone smooth sailing and long-lasting gains!
#比特币反弹