Can Bitcoin still be shorted?



1. Trend assessment: Completely weakened, all rebounds are traps for longs
The daily structure has completely broken down, key support has turned into resistance, and moving averages and indicators are all bearish. There are no reversal signals currently; all small rebounds are just repair traps, not stabilization reversals. The overall rhythm is oscillating and slowly declining.

2. Capital sentiment: Longs are receding, shorts dominate the market
ETF funds continue to flow out, longs are trapped in batches, and the market shows typical characteristics: weak on rallies, quick to drop on resistance. Market absorption is extremely poor, selling pressure is relentless, long confidence is completely shattered, and short momentum continues to release.

3. Practical approach: Do not short unless the resistance at 62000 is broken; only short, no longs
Trading suggestion: Short around 60800–61500 for Bitcoin, targeting 58000-57000. $BTC $ETH #美光市值超越Meta跻身全美前十
BTC-0.15%
ETH-0.01%
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