$BTC : Higher probability of going long (approximately 60-70% chance of a mid-term rebound).
Reason:
The technical outlook is short-term bearish (price below the MA, RSI neutral to slightly lower), but it has not broken the bullish structure (above the 200-day moving average).
Strong fundamentals: institutional inflows, halving cycle, potential expectations of Federal Reserve interest rate cuts (high probability in December).
Historically, after similar pullbacks (20-30%), there is usually a rebound at the end of the year or in the following Q1.
Short selling is suitable for very short-term speculation (leveraged players), but the risk is high—once it breaks $94,500, it could quickly squeeze shorts.
It is not recommended to short heavily: currently, it feels more like a “shakeout” in a bull market rather than a trend reversal.
Trading advice (for reference only, not investment advice)
-Best entry price: $90,000-$92,000 range (currently nearby or slightly retraced). If it drops below 90K, consider adding positions in batches (support around $88,000-$90,000).
Take profit points:
First target: $95,000-$100,000 (short-term resistance).
Second target: $110,000-$120,000 (potential high at the end of the year).
Stop loss point: for short-term trades set below $88,000 (if broken, it may test 85K). Long-term holding does not require strict stop-loss, but if it drops below 80K, reevaluation is needed.
