Bitcoin is showing strong bearish momentum on the lower timeframe 📉. After rejecting near $63K, price continues to trend downward with consistent lower highs and lower lows — a clear sign of seller dominance.
🔍 Key Observations:
* Price currently around $59.4K * Trading below MA(7), MA(25), and MA(99) — bearish structure confirmed * Weak buying pressure despite small pullbacks * Recent low near $59,100 being tested
📊 What This Means: Bears are in control for now. If support at $59K breaks, we could see a further drop toward $58.5K – $57.8K zone.
🔥 Hello, friends from all around the world! Let’s explore the market together and see what’s happening today: {future}(BTCUSDT) 1. $BTC - SHORT recommendation: • Scalp: Take profit when the price moves by 1,000 points. • For a slightly longer hold, you can target the 63–64K zone for Bitcoin. • The downtrend this week is not expected to be too strong, but the overall bias still remains bearish {future}(SPCXUSDT) 2. $SPCX • Recommendation: SHORT with low leverage • Market cap: $3 trillion
For a speculative market, SPCX could easily drop 2-3x from here. However, because too many traders were shorting it, it triggered a massive short squeeze and liquidated many positions including mine before eventually turning back down below $100 {future}(XAGUSDT) 3. $XAG - Gold and Silver are probably showing the clearest and easiest bearish trend to trade right now. Continue looking for short positions in precious metals -------/--------------
Are you currently holding any positions and need some advice? Leave a comment, and I’ll share my personal view on it