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The Nasdaq’s sudden flash crash last night directly broke Bitcoin’s previous 59,000 double-bottom structure.
Although bearish sentiment is currently running high and “shorting the rebound” is the main theme, in the short term it is still mainly preferable to hold long positions at lower levels, since there is limited downside. The suggestions for the day session are as follows:
BTC
Short at 61,200-61,700 📉
Long at 58,500-58,000 below 📈
ETH
Short at 1,610-1,630 📉
Long at 1,520-1,500 below 📈