Bitcoin rebounded above 64,000; short positions should continue.

Bitcoin rebounded slightly to above 64,000 in the evening. Consider shorting at this high, with a stop-loss at 65,000. Unless it breaks 65,000, it's not advisable to chase long positions. As mentioned in yesterday's and the day before's articles, use the 61,500-64,500 range as a reference for long and short positions, with a stop-loss below 61,000 for long positions and above 65,000 for short positions. This way, you can achieve decent profits with minimal cost; a profit of 2000 points per trade is already quite good. ETH's rebound is stronger, but the entry points are harder to pinpoint. Furthermore, there's less information available for reference above. For contracts, prioritize Bitcoin. Use a stop-loss at 1950 for short positions. Don't hold losing positions; if the market moves upward, the upside potential is significant, so contract traders should use stop-loss orders. A discussion group is now open; see my profile for details on how to join and discuss trading.