$BTC today‼️

My short trading scenario is generating at least 20% profit.

As a reminder, I expected a high probability of a repeat of the price movement of November 29, 2018, i.e., a 27% correction.

The catalyst for Bitcoin's price decline is the unstable geopolitical situation and weak monetary policy indicators.

Japanese market consumer inflation data will be released on April 24.

Given the oil crisis and growing risks, this group of related indicators will likely undergo negative changes.

Considering the growing number of votes on Polymarket about rising oil prices and the worsening geopolitical situation in the East, one can conclude that fear among major players and retail buyers will only increase in the coming hours.

Bitcoin's price has already corrected within the boundaries of a conventional ascending channel (-5% from the local peak), and as the news background shows, the situation is worsening right now.

A break in the lower boundary of the designated conventional channel will likely trigger a deeper price collapse.

Bearish target: $71,200.

I can't mark a countertrade on Monday to eliminate some short sellers.

Wishing everyone profits💰💪