Do shorts short crypto with the intention of buying lower

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Retirement Angle down icon An icon in the shape of a position in an option. That said, shorting can benefit.

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How to SHORT Crypto on Kucoin
In cryptocurrency trading, a long position is started by purchasing an asset in the hope that its price will rise, whereas a short position is. When shorting bitcoin, the aim is to sell the cryptocurrency at a high price and buy it back at a lower price. Unlike most traders who like to buy low and sell. It is a position that you take when you are selling an asset as you expect the price to go down, with the intention of buying it again at a lower price.