From the current market situation, the price of Bitcoin has been fluctuating in a low range after a fall. $110,000 has become an important breakthrough point. If it can firmly stand above this level, we may see a certain degree of rebound. However, if it strongly falls below this threshold, we may face a new round of significant decline.



Currently, adding short positions at a low level may not be wise. The market may experience a slight Rebound, and it might be more appropriate to consider shorting afterwards.

For investors interested in shorting, attention can be paid to the price range around $110,500 to $111,000. If you choose to short in this range, you can set the target price between $109,000 and $108,000.

It is important to note that the cryptocurrency market is highly volatile and carries significant risks. Investors should thoroughly assess the risks before making any trading decisions and develop strategies based on their own risk tolerance and investment objectives. Additionally, it is also essential to continuously monitor market dynamics and various influencing factors, such as regulatory policies and macroeconomic conditions.
BTC-1.38%
View Original
post-image
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
SchrodingerGasvip
· 23h ago
The probability of long positions breaking out from a game theory perspective is approaching 0.5.
View OriginalReply0
HodlVeteranvip
· 09-07 00:50
All in may feel good for a moment, but it leads to a funeral pyre later. Someone with experience teaches you how to be suckers.
View OriginalReply0
OnChainArchaeologistvip
· 09-07 00:44
Half of the head is already bald.
View OriginalReply0
UncleLiquidationvip
· 09-07 00:27
What a loss!
View OriginalReply0
RugDocScientistvip
· 09-07 00:25
This is called analysis? Just take a look and see.
View OriginalReply0
AirdropHunterKingvip
· 09-07 00:24
Using a trap to catch a white wolf, recovering losses still depends on 10x contracts.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)