The Magic Line Decides Everything
This golden support holds the answer to the golden question: bull or bear? Technically, we are still in a bull market. Let me say it again, and as mentioned before a massive correction, even 30-50%, does NOT mean a bear market. Look at history. In 2020, we never lost this magic line until the bear market was confirmed. Same rules apply now. Right now, the magic line sits at $74,000. If Bitcoin touches it, this is how I will play it:
1. TP1 for the big Bitcoin short set at $74k-$75k (closing 50% of the position), other 50% to be closed at 50-65k if market allows to visit.
2. Lining up spot buy orders at $68k, $63k, $61k, and lower down to $50k, if the market allows us to visit those regions with lovely wicks, I will hunt it.
VERY IMPORTANT: Deploying a hedge long at the magic liner region, and using 10% exposure only, mainly liquidity I will use from the TP1 short. Example: If my total spot limit orders add up to $100K, I’ll open a $10K x10 leverage long. This move lets me capitalize aggressively with minimal exposure while securing profits along the way.
I’m watching this move closely, factoring in the stock market as well. My 90K short’s TP1 aligns with this level. If Bitcoin bounces hard, I’ll re-enter. If it shows weakness, I’ll stay in cash and hunt for lower entries between $50K-$60K. One thing is clear: Bitcoin will visit this zone. And only then will we know our next move.
