Bitcoin and Ethereum formed a V-shape at midnight, and have not yet fully recovered. From the current pattern, there is still room for a rebound, but the upward space is not that ample, and the rally may come to an end. Therefore, we should not blindly chase longs. It's better to stick to our previous approach: look for opportunities to short and watch for the accelerated decline in the price ratio.
This morning, Bitcoin was shorted directly at 94,200 to 94,600, with attention around 92,800. Ethereum was shorted directly at 3,305 to 3,340, with focus around 3,200.
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