Technical CRYPTO Analyst

#BTCUSDT Bitcoin is now trading below its 20-Jan 2025 peak price. And it is also producing a lower high. Both bearish signals that are pointing to a lower low.

If the first drop settled around 100K, the second one should settle in the low 90K or right below 90K. It can go lower of course but we go step by step. I am not saying GO SHORT 20X again. This would only be possible for people who are smart, experienced traders and those that can take advantage of a changing situation without breaking their portfolio or long-term plans. Those can definitely SHORT this setup and profit short-term.

www.tgoop.com/TechCryptoAnalyst/13039

23.9K viewsJun 11 at 13:11

#BTCUSDT Bitcoin is now trading below its 20-Jan 2025 peak price. And it is also producing a lower high. Both bearish signals that are pointing to a lower low.

If the first drop settled around 100K, the second one should settle in the low 90K or right below 90K. It can go lower of course but we go step by step. I am not saying GO SHORT 20X again. This would only be possible for people who are smart, experienced traders and those that can take advantage of a changing situation without breaking their portfolio or long-term plans. Those can definitely SHORT this setup and profit short-term.

BY Technical CRYPTO Analyst