Bitcoin Short Opportunity : Targeting $35,000
#Bitcoin❗ #Binance. #short #BinanceSquareFamily
Bitcoin is showing a clear trendline breakdown, presenting a short opportunity. Traders can consider shorting Bitcoin
between $60,200 and $60,500, with a stop loss set at $61,200.
The downside targets for this trade are:
1. $46,000
2. $39,500
3. $35,000
Key resistance areas have been highlighted in red, signalling respected zones on the trendline. Following this pattern,
Bitcoin could continue its descent to $35,000.
Conclusion :
When uncertain, zoom out for a clearer picture. Bitcoin’s current trendline supports a short trade towards the $35,000 mark. Happy trading!
