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Bitcoin and Ether at Critical Support Levels Indicate Short-term Bearish Momentum
The forecast is accurate: expect activity until autumn, at least until mid-September. Not all the time will it just move sideways; that's nonsense. Be prepared for the capitulation of long positions. Bitcoin hasn't even liquidated 10 times leverage yet; Bitcoin is at 77,000 and Ether at 1,600. Do you think you'll be able to profit from longs? Based on technical analysis, Bitcoin rebounded from a mirror reflection down to 106,400 - 106,600 — this is the first test, and those who understand know the significance. Support at 102,800 was also discussed; breaking that last support would trigger a sharp decline. For me, short positions have been a priority for a week. This doesn't mean longs are impossible, only that they should be limited to local waves and selective assets.
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AI Analysis
The current market sentiment indicates that Bitcoin and Ether are approaching significant support levels, which could trigger short-term downward movement. The analysis highlights that Bitcoin's recen...
AI Recommendation
Given the analysis, it is advisable for traders to adopt a risk-aware approach. Short positions should be prioritized, especially if key support levels at 102,800 are broken, as this could accelerate ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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