The decline has stopped! Will BTC and ETH rise in a V-shape, or continue to fall? Here are the traders' opinions!

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1. I just went long on ETH here. A clean stop loss is around 2380 near the lower shadow of this morning, and ETH is currently retracing to the lower boundary of the medium-term interval. ——Dove (Eugene Ng Ah Sio)

2. BTC 1H short position take profit and reverse to long, panic selling led to a rapid drop to key support level, where short sellers take profit and go long, oversold rebound, key resistance levels for short-term rebound are 10300 and 104700. ——Tai Bai @0xTaiBai

3. In this market, retail investors will only go long, not short. Spot traders should not consider entering in the short term. ——Financial Wukong @wukong2021

4. It's time for bears to hope for a breakdown, and bulls are blocking at a key level. Going long here is fine, just stop loss if it breaks down, but since it's a 4H fluctuation, high leverage is not recommended. ——Yu Sanshui @YSI_crypto

5. One hundred thousand has support, I'm exiting my short position. Next, we'll see if one hundred thousand can hold support. If it holds, there will be a rebound; if it doesn't, we'll see a further pullback. ——Sniper Trader @bqjushen

6. BTC is basically in position at a small level. Rebound to around 103.9, then possibly a second/third bottom. Around 100 is good for long, 110-115 is good for short. 100-104 is good for swing trading. ——Immy Mi Ge @CryptosLaowai

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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