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Many people ask if opening a short position is okay.
It's fine to open a short, but after hitting a new low on the daily chart, it might be pulled back up.
The weekly chart shows a large five-wave decline, so after hitting a new low and being pulled back up, then experiencing another wave downward,
after a small-scale bullish structure forms, attempting long positions again could present a medium-term bullish opportunity.
Currently, opening a short position is fine.
After hitting a new low, you should exit. $BTC $ETH