Gotta have balls of steel to short ARB given the price action of BTC recently. This is temporary and nerves won’t hold out much longer for the shortest. Any gains made won’t be significant. They tried and failed and will start buying back to close positions.
Always take the positives from a potentially negative situation. We now have greater clarification on a number of issues, the likelihood being that we attract new investors. Always better when you can see the whites of the eyes as opposed to a written statement.
Couldn’t get through 2nd level resistance at $45.2k but sure will have another go. Strong support at $40k. 3rd level resistance at $47.2k. Beat that and maintain then back over $50k in quick time.