I have always been bearish, and this judgment has not changed. To be honest, I am a bit conflicted about whether I am overinterpreting it—it's clearly just a repeated test, not a false breakout at all. Following the previous technical reasoning, Bitcoin has repeatedly failed to break through this resistance level around 89500, so it should start to decline next. This round doesn't seem like the previous ones where we would see a false breakout again. After thinking about it, I am currently inclined to short, taking this opportunity to give it a try. I am optimistic about how Ethereum and Bitcoin will perform in the future.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
5 Likes
Reward
5
1
Repost
Share
Comment
0/400
CodeZeroBasis
· 4h ago
I understand the mentality of shorting; the barrier at 89500 is indeed frustrating, but what I'm afraid of is that this might be another requiem.
I have always been bearish, and this judgment has not changed. To be honest, I am a bit conflicted about whether I am overinterpreting it—it's clearly just a repeated test, not a false breakout at all. Following the previous technical reasoning, Bitcoin has repeatedly failed to break through this resistance level around 89500, so it should start to decline next. This round doesn't seem like the previous ones where we would see a false breakout again. After thinking about it, I am currently inclined to short, taking this opportunity to give it a try. I am optimistic about how Ethereum and Bitcoin will perform in the future.