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$BTC Short or Long?
Lolo recommends going short on the main high
The wave of Bitcoin bottoming out from 60,000 and then rising to sell off has already been completed, and the market is now in a bearish trend.
A second wave of decline is expected.
Plus, yesterday the 16th, there was a 1% interest rate hike news, and tomorrow, Thursday, there will be a Federal Reserve interest rate meeting.
Combining these two factors, both the information and technical aspects indicate a bearish trend.
Lolo still remains bearish, and the trading strategy is to buy the dip and sell short.
The main trend for Bitcoin is below 60,000, and Ethereum is also targeted around 1,500.
Trading strategy:
Short Bitcoin at 65,000-66,000
Short Ethereum at 1,775-1,785