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Is Bitcoin Long Opened? Is it short?
In order to open long or short in BTC, we must take action by considering both sides. Currently, BTC intermediate support ($25,760) is hovering at the very bottom of our price. If you see a 2-hour candle close under this intermediate support, it means that it will bring more declines. Again, keep your stop on this support.
But it would be better if you act according to the candle closings while moving with a stop.
1.) As long as it is above the intermediate support or if it is above the closings, the rise continues.
2.) If you see a candle close below the intermediate support, STOP! BECAUSE the declines may continue.
You can take action accordingly.