Futures
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Gold
One platform for global traditional assets
Options
Hot
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Launch
CandyDrop
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Alpha Points
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Futures Points
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Yesterday's post indicated a potential rebound to 73,000-74,000. Before that, everyone was shorting in the 70,600-71,400 range for three days, with daily lows at 68,900-69,150-69,700 respectively! Indeed, the profit potential looked a bit large, but yesterday's rebound also served as a timely reminder. Go long when you should, go short when you should—we're trading futures, not spot. For intraday BTC rebound near 71,500, we can continue to look for shorts. I'm confident in my view—there's at least one more pullback coming. Conservatively, 65,000-68,000 should be in play!