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Bitcoin/Ethereum bullish and bearish space is fully stretched
During the early rally of Bitcoin/Ethereum, continuous reminders to enter short positions were given above 2400, 2380, 2320, and 2300, and the market also surged higher then pulled back and declined. From last night to today’s daytime session, after warning of a decline, the market moved sideways, and trading within the 2100 to 2160 range for selling high and buying low yielded good gains. I believe friends following the Silk Road strategy saw the space fully stretched. Tonight, again reminding that the daytime short positions should be closed and long positions prepared to enter, patiently holding overnight for a rally.