๐ Currently, BTC is moving very much in accordance with the previous cycle at the beginning of 2022. Now BTC continues to move within the range of 6x - 70k,72k.
๐ As of now, you can wait for BTC to reach above 70k (especially the entry at 70k-72k, you can big short from this range) and then you can hold from your entry area, with a long-term direction so you can maintain a big short position to catch the upcoming downtrend.
๐ฅ๐ฅ๐ฅ Right now, BTC needs at least 4-5 more weeks to gradually break through the 62k-63k area and continue the downtrend, so during this period, if you can trade for short gains, you should consider taking some profits and trading short.
๐ As of now, you can wait for BTC to reach above 70k (especially the entry at 70k-72k, you can big short from this range) and then you can hold from your entry area, with a long-term direction so you can maintain a big short position to catch the upcoming downtrend.
๐ฅ๐ฅ๐ฅ Right now, BTC needs at least 4-5 more weeks to gradually break through the 62k-63k area and continue the downtrend, so during this period, if you can trade for short gains, you should consider taking some profits and trading short.