At the moment, Bitcoin’s chart shows no clear signs of bearish exhaustion. To confirm a potential trend correction, the price needs to push up to $110,354.
If it climbs higher than that, we can assume the downtrend is likely over.
Currently, there’s a possible short entry around $104,856, but my personal view is that Bitcoin may start ranging soon to build a new structure. For now, I’m staying patient and observing the market.
If you already hold short positions, I recommend taking profits (partial or full) — that’s the safer play in this phase.
However, if Bitcoin drops below $100,000, consider selling your spot holdings, even at a loss, to protect your capital.
Remember: Capital preservation is more important than catching every move.
Markets often consolidate before the next major leg — stay alert for new structure formation.
If it climbs higher than that, we can assume the downtrend is likely over.
Currently, there’s a possible short entry around $104,856, but my personal view is that Bitcoin may start ranging soon to build a new structure. For now, I’m staying patient and observing the market.
If you already hold short positions, I recommend taking profits (partial or full) — that’s the safer play in this phase.
However, if Bitcoin drops below $100,000, consider selling your spot holdings, even at a loss, to protect your capital.
Remember: Capital preservation is more important than catching every move.
Markets often consolidate before the next major leg — stay alert for new structure formation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.