Bearish traders are facing a tough time, but remember that as prices rise, people become more sensitive to negative signals. When the market turns, the drop tends to be fast and steep. If your liquidation price is above $71K, your entry price is over $64K, and you're risking no more than 50% of your wallet, you're in a safe zone. Hold your position and be patient—expect to see prices in the $60K to $64K range this week.
For others, it's a bearish period. Keep an eye on the entry point, which should be between $66K and $68K. Take profit (TP) at $62,571 and set a stop loss (SL) at $71,111. Remember, this trade is not short-term; it could take 3 to 10 days. Use only 5x margin and limit risk to 33% of your wallet.
