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Bitcoin and Ethereum were blocked at the MA23 of the 5-day moving average yesterday.
Bitcoin is currently ranging around 75,000.
Ethereum is currently ranging around 2,350.
The U.S. stock market is too strong.
It looks like it’s going to retest the previous highs.
But I still don’t think the U.S. stock market’s monthly candle will close very well this month.
So be cautious about chasing the rally in Bitcoin and Ethereum.
Yesterday’s short position was almost going to get stopped.
Thankfully, I held on.
I’ll set it up again later.