The pancake (BTC) briefly broke below the 90,000 mark again yesterday midday, with a high above 90,300 facing resistance and starting to decline. The short position around 9,000 given yesterday was well managed. After reaching a low of around 86,760 last night, the market began to consolidate. Currently, the market is trading around 87,300. In the short term, it looks like there could be a slight rebound. I definitely want to see the bearish trend continue. If there is a rebound to around 87,700, I might consider a light short position.
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The pancake (BTC) briefly broke below the 90,000 mark again yesterday midday, with a high above 90,300 facing resistance and starting to decline. The short position around 9,000 given yesterday was well managed. After reaching a low of around 86,760 last night, the market began to consolidate. Currently, the market is trading around 87,300. In the short term, it looks like there could be a slight rebound. I definitely want to see the bearish trend continue. If there is a rebound to around 87,700, I might consider a light short position.