A drop of 10,000 points! Is the Bitcoin bear market returning? Where will it fall to? Let's take a look.
1. As shown in the chart, Bitcoin's downward pressure remains very strong because in a week there is still a Federal Reserve meeting where no rate cut is expected. It is anticipated that the price will weaken further before the meeting. Where can we re-enter short positions?
2. Currently, the
$BTC resistance levels are at 9.07 and 9.16. Once these levels are reached, you can short for a quick rebound. If you haven't previously set up long-term short positions, you can also gradually build