The increase in the coin price is driven by news-related catalysts. A move like this is unlikely to continue much, and the 4-hour chart has already shown some pressure. You can look for an opportunity to short at the upper band—specifically, around 64,000 as we mentioned this morning. The larger trend is still downward, so it’s fine to follow the main trend. Even if you occasionally get stopped out, that’s completely normal. Losing this time is not a big deal—you can hit it back later; it’s not that difficult.



In the morning, short Bitcoin from 63,800 to 64,200, and watch around 62,000. Short Ethereum from 1,680 to 1,705, and watch $BTC around 1,620.
BTC2.49%
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