🚨 $BTC Drops to 58K — Is This the Bottom or Is Another Flush Coming?
The market is moving fast, and volatility is back in full force. The biggest question now is whether this level can hold or if Bitcoin still has another leg down before a meaningful recovery begins.
Those following my updates already know we called the short around 61,800, well before this drop. If you took that trade, you're likely sitting on solid gains already.
Current Trading Plan – SHORT $BTC
📍 Additional Entry 1: Above 58,700
📍 Additional Entry 2: Around 59,000
🎯 Targets
- 57,800
- 57,500
- 57,150
🛑 Manual Stop Loss: Above 59,700
The overall market structure still favors the bears, with significant liquidity resting below the current price. Until buyers reclaim key resistance, I'm expecting another move to sweep those lower liquidity zones before any stronger rebound develops.
If you're already in profit, locking in gains with a trailing stop remains the smartest approach.
Trade Here 👇🏻
The market is moving fast, and volatility is back in full force. The biggest question now is whether this level can hold or if Bitcoin still has another leg down before a meaningful recovery begins.
Those following my updates already know we called the short around 61,800, well before this drop. If you took that trade, you're likely sitting on solid gains already.
Current Trading Plan – SHORT $BTC
📍 Additional Entry 1: Above 58,700
📍 Additional Entry 2: Around 59,000
🎯 Targets
- 57,800
- 57,500
- 57,150
🛑 Manual Stop Loss: Above 59,700
The overall market structure still favors the bears, with significant liquidity resting below the current price. Until buyers reclaim key resistance, I'm expecting another move to sweep those lower liquidity zones before any stronger rebound develops.
If you're already in profit, locking in gains with a trailing stop remains the smartest approach.
Trade Here 👇🏻