The pinned update from November 26th showing the price trend forecast, although somewhat rough, marks the position near 97,000 for Bitcoin. Combining the previous discussion, the liquidity above and the high liquidation power make it unlikely for the market to let these shorts make huge profits.
Ethereum's liquidation level is approximately around 3580, with the target still at 2200 below, and Bitcoin at 60,000. Considering the current market sentiment turning bearish and liquidity calculations, the upward structure has not been completely broken. Therefore, we choose to close the position at 3100 and wait for a rebound. Even if we can't reach those higher levels, at least we avoid being caught short on the mountain slope.
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The pinned update from November 26th showing the price trend forecast, although somewhat rough, marks the position near 97,000 for Bitcoin. Combining the previous discussion, the liquidity above and the high liquidation power make it unlikely for the market to let these shorts make huge profits.
Ethereum's liquidation level is approximately around 3580, with the target still at 2200 below, and Bitcoin at 60,000.
Considering the current market sentiment turning bearish and liquidity calculations, the upward structure has not been completely broken. Therefore, we choose to close the position at 3100 and wait for a rebound. Even if we can't reach those higher levels, at least we avoid being caught short on the mountain slope.