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The entire weekend also saw a relatively decent decline. As I mentioned on Friday, you all thought my short position above 70,000 was too low—what do you think now?
During the weekend, Bitcoin's low point reached around 67,300 to mark a bottom. In the short term during the daytime trading session, I plan to wait for a rebound before shorting again. The key support level below is at 65,000, which is getting closer and closer, so avoid being too aggressive with short positions and risking a stop-out. Instead, consider opening light short positions around 68,800 during a rebound.