10.8
Bitcoin hasn't fully dropped yet, don't rush to bottom-fish
It has been hammered down from 87,000, touching the 82,000 level at the lowest
Now it looks like it's consolidating around 83,000, which is actually a downward continuation
There are many calling to bottom-fish in the market, but very few dare to hold long positions
Before the bearish trend breaks, every rebound is an opportunity for short positions
Why did I enter a short at 82,971? Because the descending channel is intact, the selling momentum hasn't exhausted, there's still room below, and this is the last drop before the rebound takes off
$BTC$ETH$ZEC #SeptemberFOMCMinutesReleased, most officials favor another rate hike #ETF inflows continue, why is BTC dropping? #CheckInWithOKX2049
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more