Current Position: Short at $BTC (75x leverage)

I am holding my short position on BTC for several key reasons:

Technical Resistance: The price is touching the top of a descending channel that it has respected for months. We are likely to see a downward correction from here.

Selling Pressure at Higher Levels: There is an accumulation of sell orders between 68,000 and 70,000 USDT, which could lead to a decline in the near term.

Technical Indicators: The MACD is showing bearish signals and the RSI is near overbought levels, indicating that the market is losing strength.

Weekend: Historically, weekends tend to be lower volume and often see sideways or downward movement as there is no significant institutional activity.

With this in mind, I maintain the short position waiting for BTC to drop towards key levels of 66,000 USDT

I want to know what you think in the next 24 hours!

70k or 66k?

70.000 BTC 24hs
53%
66.000 BTC 24hs
47%
297 votes • Voting closed