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4.7 Double Bottom Strategy
The morning market was also influenced by aggressive remarks from the US and Iran. The double bottom’s trend has weakened in tandem with Bitcoin’s, and the bulls’ rally attempt has completely run out of steam; in the short term, the overall structure is entirely controlled by the bears.
Right now, blindly trying to catch the bottom carries extremely high risk. As long as there is a rebound, it is a good chance to set up short positions following the trend.
Double bottom:
You can consider entering shorts around 2120-2150.
The first target is below 2080; if it breaks, continue to look for further declines toward 2050-2020.
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