I closed my short position but won't go long here, taking a two-day break from the short side.
The K-line here, in my view, is a standard "rebound." From the perspective of strong bulls, it might be seen as a "stabilization after a decline" followed by another "attack." However, there's no consolidation or convergence even at smaller timeframes, so I won't open a position.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
I closed my short position but won't go long here, taking a two-day break from the short side.
The K-line here, in my view, is a standard "rebound." From the perspective of strong bulls, it might be seen as a "stabilization after a decline" followed by another "attack." However, there's no consolidation or convergence even at smaller timeframes, so I won't open a position.
For reference.
$BTC $ETH