๐๐ALARMING NEWS FOR BITCOIN HOLDERS ๐
๐๐๐ALERT ALERT ALERT ๐๐๐๐
This appears to be a message from a trader or investment advisor alerting colleagues that they believe the Bitcoin bull market has ended and a bear market is imminent. They plan to close long positions and establish short positions with a target profit level of $25,000, citing a significant gap at that level.
Here's a breakdown:
๐The writer believes the Bitcoin bull market has concluded based on the price falling below the midpoint of the weekly Bollinger Band.
๐They plan to: Close long positions during market rebounds. Establish short positions in anticipation of a bear market.
๐ The target profit level for short positions is $25,000, due to a significant gap at that level.
They encourage colleagues not to be discouraged by losses, as they can recover by adapting to a short-selling strategy.
Please keep in mind that this is a specific trading strategy and not personalized investment advice. Cryptocurrency markets are highly volatile, and it's essential to conduct thorough research and consult with a financial advisor before making investment decisions.
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