Looking for a good short position of BTC.

7 Jul 2022

Under the long-term trend, BTC is still a short trend. You can see in the chart that the two adjustment stages before are about 22 to 25 days, but now the BTC adjustment stage is 21 days old. It is estimated that the adjustment stage will be completed in about two or three days. Through the Fib Retracement, you can see the position of the central axis, about $19740, and now the price is above the central axis, indicating that the long power is relatively strong in the past two days. Traders can look for the resistance line up from the central axis and short. At the end of the adjustment stage, there may be tempting Dora to pull up and raise shipments. Traders need to pay more attention to it. Now it is looking for a good short position.