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All short positions were taken profit on today.
The market is moving slowly, and taking longer time.
Ethereum is acting up—it's been really annoying.
Fortunately, Bitcoin has reached the target area nearby.
Right now, after closing out today’s positions and taking the money,
Bitcoin is within the support range of 71,000 to 72,000.
Ethereum, around 2,000, is starting to rebound and is refusing to follow Bitcoin lower to probe the downside.
From the 4-hour timeframe, if Bitcoin around 71,000 doesn’t break through, it may rebound a bit.
But judging from US stock futures, US stock futures may still drop a little more.
So Bitcoin might follow US stocks down to insert a needle and test the lower support again.
If the 4-hour level can hold, it will rebound a bit.
If it breaks through directly, then follow the trend to test the support around 68,000 below.
Ethereum’s support is around 1,900 below.
Overall, Bitcoin at this position is near support, and there’s some conflict with the US stock market.
It’s better to wait until the US stock market finishes adjusting before entering.