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Stop the decline! Will BTC and ETH see a V-shaped rally, or continue to fall? Here are the traders' perspectives!
1⃣ Just went long on ETH here. A clean stop loss is around 2380 near the lower shadow of this morning, and ETH is currently retracing to the lower boundary of the medium-term interval. ——Dove (Eugene Ng Ah Sio)
2⃣ BTC 1H short position closed with profit and immediately went long, panic selling led to a rapid drop to a key support level, where short sellers take profit and go long, in an oversold rebound, with key resistance levels at 10300 and 104700 for a short-term rebound. ——Tai Bai @0xTaiBai
3⃣ In this market, retail investors will only go long, not short. Spot traders should not consider entering in the short term. ——Financial Wukong @wukong2021
4⃣ At a key position where bears hope to break down and bulls are blocking. Going long here is fine, just stop loss if it breaks down, but since it's a 4H fluctuation, high leverage is not recommended. ——Yu Sanshui @YSI_crypto
5⃣ 100,000 has support, I'm exiting my short position. Next, we'll see if 100,000 can hold support. If it holds, there will be a rebound. If 100,000 doesn't hold, we might see another pullback. ——Sniper Trader @bqjushen
6⃣ BTC is basically in position. Looking at a rebound near 103.9, then possibly a second/third bottom. Around 100 is good for long, 110-115 is good for short. 100-104 is good for swing trading. ——immy Mi Ge @CryptosLaowai
#BTC #ETH

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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