$BTC $ETH $XRP Bitcoin can be shorted with a stop loss

The Bitcoin price is at a critical bull-bear dividing line. From a long-term trend perspective, once it breaks upward, it will open up infinite possibilities for a super bull market; if it breaks downward, it may trigger a waterfall decline, officially entering a bear market cycle.

On a technical level, the short-term MACD indicator is about to complete a second death cross pattern, and this signal is worth paying close attention to. If the market's decline is limited after this death cross forms and the trend lacks smoothness, Bitcoin is very likely to break through previous highs during the subsequent rebound. Conversely, if a deep correction occurs, the price may test the key support levels of $91,000 and $88,000, at which point the price of Ethereum is expected to fall back to around $2,200.

If Bitcoin resumes its upward momentum after correcting to $91,000 or $88,000, it will challenge historical highs again; meanwhile, Ethereum is also expected to build a new base around $2,200 and may launch an attack towards $3,000.

For investors holding Bitcoin positions, it is recommended to reduce half of the position with a stop loss when the price corrects to $90,000, while also establishing long positions in Ethereum and Bitcoin to seize potential reversal opportunities. If the MACD death cross occurs, even if the indicator continues to decline below the zero axis, Bitcoin's price will still fluctuate around $100,000, and it is advisable to adopt a hedging strategy to control risk and avoid being passive when a golden cross forms and the price breaks through $110,000.

It is worth noting that although there are shorting opportunities in the current market, it is essential to strictly set stop losses to prevent the risk of a market reversal and ensure trading safety.